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 United States. If last week's PCE data was a "quick heart drug," then yesterday evening, Trump's advocate undoubtedly once again impressed the market with a "strong stimulus." Although this market is sharp, it still mainly depends on Trump's and the market's emotional reactions, temporarily belonging to favorable short-term information. Uncertainty in macroeconomics and politics prevails for the medium and long term. The real factor determining the ability of large funds to continue entering 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 short-term market growth.

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Add to this Trump's tariff policy, which has not yet taken effect, the following key points - March 7th and the beginning of April. Mexico and Canada have proposed jointly imposing tariffs on goods from China in exchange for the removal of Trump's tariffs. Now the question is whether Trump will agree, if tomorrow the tariff policy regarding Mexico and Canada is postponed, 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 balance sheet reduction, and the latest Fed rate cut diagram. If the latest diagram shows that the number of rate cuts exceeds market expectations by 2 times, the market may bounce back. But if less than expected 2 times, sentiment may quickly cool down.
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Bitcoin, after reaching morning highs, has started to retreat, indicating resistance from above. However, the retreat is currently limited, with the price fluctuating between 91100 and 93000. If these two levels are breached, the coin price will experience changes again. This extreme market is definitely an exception, and stabilization is now beginning, with the trend constantly tightening. The bottom is also gradually consolidating, with everyone waiting for evening news. Therefore, there is currently a correction at a lower level. At a price of 95000, there is a peak of the quick line for the day. It's better to first assess the strength of the rebound. There are many short waves, and the Ukrainian breakout range is synchronized with Ethereum operations with Bitcoin!