How to view the upcoming market? Hold firmly? Or reduce positions to avoid risks?
1️⃣ This morning's rebound is mainly due to President Trump's signing of an executive order early today to establish a 'National Digital Asset Reserve' (not just Bitcoin) ➕ the repeal of SAB 121. U.S. banks can now custody Bitcoin, leading to a market rebound. The current probability of a 25 basis point rate cut by the Federal Open Market Committee on March 19 is 26.3%.
2️⃣ CZ retweeted last night and basically confirmed that Bitcoin is being recognized as a strategic reserve. The market is expected to accelerate its rise, and Ethereum has strengthened this morning! Various negative news has been released in succession, and it looks like it will start to move independently! In previous years, every Spring Festival has seen a bull market! On-chain data shows that the number of addresses holding 1,000 to 10,000 ETH has increased by 330,000 in just two weeks, with a similar accumulation occurring in April 2024 when ETH rose by 66%. From a technical perspective, ETH has formed a bullish flag pattern on the daily chart, indicating a bullish trend. BTC has been sideways for over 40 days, with the 2-day moving average flattening and converging, which is a precursor to a rise. This wave of altcoin growth will be higher than in November last year; seize this once-in-four-years opportunity!
3️⃣ A certain whale spent 1.4 million USDT in the past hour to buy 15 million ANIME at an average price of 0.093. The Trump fund further purchased 3,079 ETH (10 million) and 10.61 million TRX (2.65 million) four hours ago. In the past four days, the fund has invested $181 million across six tokens: ETH, WBTC, TRX, AAVE, LINK, and ENA.
4️⃣ The results of the Japanese monetary policy meeting will be announced at 10:30 today, determining whether to raise or lower interest rates. Please pay attention to market fluctuations! It is highly likely to be a rate hike, and the news may cause market volatility, with a greater probability of falling first and then rising! For those with spare positions, it is recommended to wait until the market stabilizes before bottom-fishing!
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