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The BTC market was bumpy in February, with the BTC price plummeting from a high of $105,000 to $78,200 before rebounding to $84,000. After this sharp decline, the market momentum has weakened significantly, and the Shorts trend has also eased. Based on the current situation, BTC is likely to show a correction trend of wide range in the short term. In the trading operation on the weekend, you can refer to the range of 87000 - 82200 US dollars first, and focus on the short term trading strategy. The ETH market is full of rumors. Recently, Whale investors accelerated their withdrawal, and in just one week, more than 440,000 ETH were liquidated, causing the market sentiment to be extremely pessimistic, and the price of ETH fell below the $2,100 mark. What's more serious is that the ETH Fang Spot ETF saw an outflow of up to $94.3 million, of which BlackRock's ETHA contributed $68.4 million in large redemptions, which undoubtedly further exacerbated the market's dumping pressure. Although the current market sentiment is sluggish, the trend is showing a purge of longs, but this has also contributed to the exchange of chips in the early profit orders to a certain extent. From a long-term perspective, this adjustment is in line with the previous view that "the Bull Market is still ongoing". Looking ahead, the overall direction of the market is still upward, but the road ahead is destined to be full of twists and turns. Therefore, we must pay close attention to the subtle changes in the internal structure of the market and accurately grasp the deterministic buying points, so as to calmly respond to the complex and changeable market conditions.
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The White House Cryptocurrency Summit is approaching, will Trump become a key variable? It is worth noting that the White House will host the first cryptocurrency summit on March 7th, with President Trump personally presiding and delivering an important speech. At that time, leaders in the crypto industry, investors, and members of the Presidential Digital Asset Working Group will all gather together. Some believe that Wall Street and the Trump family may have quietly accumulated funds at the market's low point, and it is highly likely that they will use this summit to attract retail investors to enter the market, and then profit by selling at a high point. Faced with this potential situation, investors need to make careful decisions - whether to become the 'smart money' with insight into the situation, or to become the 'leeks' to be harvested, it all depends on a single thought. During this period, it is advisable to closely follow Trump Coin (TRUMP), as its price may experience significant volatility due to summit-related news.
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