Last night, Trump suddenly announced that he would issue an executive order to promote the inclusion of cryptocurrencies such as BTC, ETH, XRP, SOL, and ADA in the strategic reserves of the USA. If last week's PCE data was a 'quick heart remedy,' then yesterday evening, Trump's advocate undoubtedly once again impressed the market with a 'strong stimulus.' Although this market is sharp, it mainly depends on Trump's and the market's emotional reactions, temporarily belonging to favorable short-term information. There is uncertainty in macroeconomics and politics for the medium and long term. The real factor determining the ability of large funds to continue to enter the market is the elimination of uncertainty in macroeconomics and politics, otherwise the short-term market will still be influenced by emotions. Will Trump take another big step at the encryption conference on March 7? Will the emotional market reaction continue to create fear of missing out? This will determine the possibility of further growth in the short-term market.

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Add to this Trump's tariff policy, which has not yet taken effect, the following key points - March 7th and early April. Mexico has proposed jointly with Canada to impose tariffs on goods from China in exchange for lifting Trump's tariffs. Now the question is whether Trump will agree if the tariff policy towards Mexico and Canada is postponed tomorrow, it may slightly calm the market sentiment. We also need to pay attention to three things: how the Fed assesses the current market instability and economic slowdown, when the Fed will stop shrinking its balance sheet, and the latest chart of Fed rate cuts. If the latest chart shows that the number of rate cuts exceeds market expectations twice, the market may jump again. But if it is less than expected 2 times, the sentiment may quickly cool down.
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After the morning highs, Bitcoin started to retreat, indicating resistance from above, but the retreat is currently limited. The price is now fluctuating between 91100 and 93000. If these two levels are broken, the coin price will undergo changes again. This extreme market is definitely an exception. Stabilization is beginning now, and the trend is constantly tightening. There is also gradual consolidation from below. Everyone is waiting for the evening news, so there is a correction at a lower level now. At the price of 95000, there is the peak of the quick line for the day. It is better to first assess the strength of the rebound. There are many short waves, and the Ukrainian breakthrough range is synchronized with Bitcoin operations!