$BTC UPDATE

✅ DATE 25-2-2025

🚨 BTC exceeded expectations with a strong drop to 90K last night, and two factors are considered to have a significant impact on the market: Trump officially imposing a 25% tax on Mexico and Canada, and the arrest of the Bybit hacker.

🚨 Analysis of BTC plan on 25-2 is very sensitive from the Long side, and many traders rushed to catch the bottom in the 92-93 range and are now in trouble. The bearish side is still very strong; BTC has a wick around 88K and what the market makers want to do is sweep the price back there once more, possibly down to 86-87K, so do not rush to Long too early.

🔥 Note that this analysis is for reference only and may be incorrect; please consider your investment amount carefully!!

In the past 24 hours, the total market capitalization has evaporated by 276 billion USD, a sharp decline of 8.2%, down to 3.096 trillion USD. The sentiment index has also plummeted from neutral (49) to very fearful (25), indicating that the market is in turmoil.

Negative information is putting significant pressure on the market:

• President Trump confirmed that high taxes on imports from Canada and Mexico will officially take effect when the postponement period ends next week.

• The U.S. Department of Justice fined 500 million USD (including 84 million USD in penalties and 421 million USD collected from U.S. customers) against a company affiliated with OKX for unlicensed money transfer activities.

• 5 Bitcoin reserve bills in the U.S. have all failed. The states of Montana, North Dakota, Pennsylvania, South Dakota, and Wyoming did not pass or rejected digital asset bills. Opponents are concerned that establishing a Bitcoin reserve fund could pose risks to taxpayers' money.

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GIVING A THUMBS UP 👍