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Is #TRUMP Bull Market over - since Trump came to power, the market has begun to fall sharply, even if the Federal Reserve said that banks can hold Cryptocurrency, this good news has not given the market a significant boost, and the market is currently injecting more fresh and energetic funds, but it is still peeling off the cocoon. In this case, how can BTC, which requires such a large amount of capital, continue to maintain its price and continue to pump? Since the new money in the market has stagnated, it is necessary to start the game of existing funds, so as to wait for the next fuller narrative. Then there is the executive order signed by Trump, which includes the Trump administration's commitment to improve the regulatory environment for the encryption industry, and the executive order establishes a working group to develop a clear market structure and classification of digital assets ( such as securities, commodities, collectibles, and other ). In addition, the Trump administration plans to push the SEC to establish a "Cryptocurrency Enforcement Unit" to strengthen regulation of the encryption market. Mandatory tightening of regulation is not a good thing for the encryption market, which has been unregulated for many years. So this also drove the market down to a certain extent.
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Where will the price of BTC fall to? The price will definitely fall to a position below 97200. Below 97200 is around 95500. I tend to think that the price will reach the level of 95500. Will it stop falling? I don't know, but I will focus on these positions. This is what is likely to happen from a larger perspective. What should we do in the short term? Mainly short positions, as the current trend is likely to continue to fall after a rebound. The strong resistance above is around 100700, and further up is around 102500. Currently, I only see the possibility of a rebound near 100700, but it is not high. So the possibility of reaching 102500 is even lower. Once the price completes the rebound and starts to fall again, we will aim for below 98000.
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The limit of Ethereum is around 2800, and it won't go down at a high level. Then it's the story of Ethereum. The hype about tariffs is just beginning outside and it's meaningless. Encryption can only focus on the strong control state. I feel that the possibility of the past is very small, so I consider picking up goods around 2850-2920. Is it good news for Ethereum Trump Fund to eat? It has been grinding without finishing, don't expect too much. And Trump's eating Ethereum is either through OTC or other means. If you buy it directly in the market, Ethereum would have already broken through 10,000, so it is obviously a strong control state of high shorts and low longs.