#BTC Last night, Trump suddenly announced that he would issue an executive order to advance Crypto Assets such as BTC, ETH, XRP, SOL, and ADA into the strategic reserves of the United States. If last week's PCE data was a 'quick-acting heart pill,' then Trump's advocacy last night was definitely another shot of 'adrenaline' to the market. Although this wave of market is fierce, fundamentally it relies on Trump's advocacy + market fear of missing out sentiment, which belongs to short-term Favourable Information on the news front. In the medium to long term, there are still uncertainties in macro and policy aspects. What truly determines whether large funds can continue to enter is the elimination of uncertainties in macro and policy aspects; otherwise, short-term market sentiment will still dominate. Will Trump make another big move at the encryption summit on March 7th? Will market sentiment continue to fear of missing out? This will determine whether the short-term market can continue to rise.

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In addition, Trump's tariff policy has not yet been implemented. The key time points are March 7th and early April. Over the weekend, Mexico proposed to impose tariffs on China together with Canada in exchange for Trump's tariff exemption. It remains to be seen whether Trump will approve it. If the tariff policy towards Mexico and Canada is postponed tomorrow, it will have a certain easing effect on market sentiment. We also need to focus on three things: how the Fed views the current market uncertainty and the slowdown in the US economy, when the Fed will stop shrinking its balance sheet, and the latest Fed interest rate cut dot plot. If the latest dot plot shows that the number of rate cuts exceeds the market's expected 2 times, the market may rise again. But if it is less than 2 times, below expectations, sentiment may quickly cool down.
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After Bitcoin surged in the early trading session, it started to pull back, indicating that there is still pressure above. However, the current retracement is limited, and it is currently oscillating within the range of 91100-93000. Once these two key levels are broken, the price will usher in a new pattern. Such extreme market conditions are rare after all. Now, it is also beginning to stabilize, with the trend continuously contracting. The support at the bottom is gradually solidifying, all waiting for the evening news. Currently, it is adjusting at a low level. From a price perspective, 95000 is the peak of the daily acceleration line. Let's first see the strength of the rebound. Short-term, follow the breakthrough situation in the range, and operate Ethereum synchronously with Bitcoin!