$BTC

Market Analysis

Recently, there have indeed been quite a few positive factors, such as the relaxation of tariffs, easing of regulations, and the state of Arizona in the U.S. passing Bitcoin reserves, which is actually a milestone event. The government is buying in with real money, and it must be said that Bitcoin may be on the verge of a long-term bull market.

After a general rise in altcoins and junk coins, they have started to decline. Until interest rates are cut, this belongs to local capital pulling up; only with a rate cut will there be a significant market movement.

Bitcoin and Ethereum, as I mentioned in a post a few days ago, will experience a pullback and some fluctuations because the 9.6 position is temporarily a bit difficult to break through, plus there’s the curse of falling during meetings, so Bitcoin is temporarily around 9.3. Personally, I maintain the view that it won't drop below 9.15 because of the recession in the U.S. economy, and the Federal Reserve will likely release positive news; we still need to wait for a rate cut for the following market movements.

Will Trump Coin continue to drop? I believe Trump Coin still has some upward potential because of the positive news from the banquet. Large holders are not likely to sell for now; when they do, it will also be from Trump himself, and it seems his perspective is a bit narrow. However, there are quite a few people shorting this coin, and we cannot rule out the possibility of the market maker triggering a short squeeze.