Last night, Trump publicly posted a message manipulating the market, causing Bitcoin to rise by 10% in 3 hours, increasing by 10,000 points. It is unprecedented for a president to manipulate the Bitcoin market, and some other smaller cryptocurrencies have surged by as much as 80%.
From a technical perspective, the market is still expected to continue to decline unless further manipulation creates favorable conditions; technical indicators are worthless in the face of news.
For Bitcoin, the support level to watch today is 90,500-88,600. If it retraces without breaking this level, we can expect a rebound. Long positions can be entered in this range with a stop-loss at 88,600, targeting 95,000, 96,800, and 98,000 above! Medium to long-term short positions can be entered at 98,000!
Regarding Ethereum: The 2,500-2,600 range is also a very strong resistance area, and this position is also considered bearish! #美国加密战略储备 $BTC $ETH