From last night to this morning, it surged nearly 10,000 dollars from the low position. Is the bull market back?

Today is Saturday, and the US ETF and stock markets are closed, so there isn't much inflow; we can only watch Asia placing orders!

The drop positions are 77,500 and 1,910.

I estimate that this point should be reached within 4 days (real-time updates may change).

Let me briefly explain the reasons:

1) On March 4, there will be two events:

1) Trump's task force will hold a hearing regarding the Federal Reserve.

I mentioned this issue before; Trump wants to cut interest rates, while the Fed wants to talk after inflation reaches 2%. This is their conflict. Unstable policies are bearish.

2) Tariffs will be implemented, and Mexico, Canada, the EU, and China will all react strongly.

All risk markets will reduce positions to hedge against tariff impacts, which is bearish news. (We need to see the level of protest from various countries)

2) The White House crypto conference on March 7

This conference can be viewed from two perspectives:

1) Trump supports the development of the crypto industry and has placed leaders of cryptocurrencies in many key positions. Recently, the SEC has ended many investigations, which is a positive direction.

2) On the other hand, this conference emphasized plans to introduce a clear regulatory framework for the crypto industry while supporting innovation and promoting economic freedom.

This is Trump's Executive Order 14178, which instructs federal agencies to prioritize policies that encourage the adoption of cryptocurrencies while addressing fraud and money laundering risks.

So, the other side involves regulations, taxes, and other policies, which are somewhat unfavorable for the market.

Personally, I interpret this as a positive signal; there will be more meetings like this in the future, which will be beneficial for the crypto industry in the long run.

3) The PCE data mentioned last night has come out, which is bullish, and the market surged crazily!

Is there still a bull market? Of course, there is! When will there be a big surge? In May.

In June, the tapering will start to stop, and June and September are the most likely times for interest rate cuts.

Moreover, the peak of the bull market coincides with the peak of quantitative easing, expected to be at the end of 2025.

The reason for May is that institutions have early benefits.

So, the strategy before March to May is to take profits in batches during rebounds, pay attention to coins hitting new lows on Binance, and buy in, taking profits on rebounds!