Current Market Strategy: Focus on Bitcoin, selectively adding altcoins in batches
Trump has included BTC, ETH, SOL, XRP, and ADA in the crypto strategic reserves. These five coins are the next five powerhouses. XRP and ADA are veteran altcoins, and there's also LTC (spicy strips), which are all stable altcoins with much less chance of going to nearly zero in a bear market compared to other altcoins, and their daily declines are not as exaggerated as other altcoins.
If trading spot in the short to medium term, every time a 'short-term bottom' appears, one can buy in for a rebound, but each significant rebound requires exiting. If one still wants to hold with the mindset of returning to last year's highs, it is very easy to get trapped in the short to medium term.
A crypto summit will be held on March 7th. To put it bluntly, right now it’s basically speculating on expectations, and last night's trend has already fully priced in those expectations. If there are no more substantial announcements during the summit, the market may lack momentum afterward.
Coincidentally, on the same day, there will also be non-farm payroll data. This week, the market is destined to be turbulent, and significant fluctuations are inevitable.
Currently, a double top pattern has formed, with fluctuations around 90,000. This is a key point for the early part of this week. During the day, there hasn't been much of a drop, so we will see how the US stock market and sentiment react in the evening.
Therefore, buy in batches before March 7th. There will be non-farm data on Friday night, and in this market, the most important thing is to preserve capital to have the strength to fight when the next opportunity arises.
