In terms of the market, Bitcoin is fluctuating. In the short term, it has tested support, and currently, there is still strong demand above 80k. With the price of coins declining and adjusting, there will be ongoing buying pressure. In terms of structure, the support below needs to be tested further. Testing a few more bottoms will be beneficial for future rebounds. Currently, it is in a range-bound fluctuation.
Everyone remember, there is no market that continuously declines, nor one that continuously rises. As for the previous viewpoint of needing to retest the last bull market's starting line around 75k, that still stands, but it's not something that will happen in the next couple of days. Let's leave it to time to verify. Please view it accurately and rationally.
No matter how much Trump stirs things up, I firmly believe one judgment: we are currently still in a bull market's bear market continuation phase.
This stage of repeated washing out, deleveraging, and eliminating bottom chips is something every bull market must experience.
Let me rationally support everyone:
1. The retail sentiment is not crazy enough yet.
If this is considered a bull market, it is way too rational and conservative. The returns from high-risk investments like Bitcoin are only comparable to a relatively good U.S. stock. As for other varieties, do you really dare to call it a 'bull market'?
2. The Federal Reserve's easing has not yet arrived.
Although Wall Street is stepping in and ETFs are launching, the power of the easing cycle has not yet shown. Bitcoin can at most be considered to have experienced a dull bull market, while easing will inevitably be the main theme of fiscal policies for governments going forward. Enduring the dry spell to welcome a flood of a major bull market is what Hodlers deserve.
3. The U.S. strategic reserves need to be taken seriously.
Once the U.S. government starts its reserves, other countries won’t be foolish; it is almost inevitable they will follow suit. Reserve policies only differentiate between 'having' and 'not having', without any size distinction. As long as there is a beginning, it becomes an arms race for reserves, and it will definitely be a long-term competition without an end in sight. The purpose of reserves is singular: to avoid losing voice and pricing power during significant asset price increases.
4. Various data indicators have not yet peaked.
The various bull market indicators collected over the years with cycles as the target can't be said to be completely free of the element of searching for a sword in a boat. Even so, I still don't see a peak in demand.
So everyone needs to be a bit patient. Every decline is the best opportunity to get in.
After providing support, everyone needs to pay attention to one thing:
The time and participants for the White House's first crypto summit are as follows:
Eastern Time, USA: March 7, 2025 (Friday) from 1:30 PM to 5:30 PM.
Beijing Time: March 8, 2025 (Saturday) from 2:30 AM to 6:30 AM. The meeting is expected to last about 4 hours and will be held behind closed doors.
The specific agenda has not been made public yet, but it is expected to involve core topics such as cryptocurrency regulatory frameworks and the U.S. cryptocurrency strategic reserve plan.
After Trump stirred things up, the market realized that altcoins also have different tiers: those not listed by Trump, the SEC, Grayscale, or other major capital simply don’t attract new funds. After Trump’s recent calls, capital outflow has become even more serious, and many major altcoin holders are starting to reorganize their positions.
So this decline is not all bad. At least it has made us see which coins are truly hopeless. Next, we need to gradually adjust our positions to better prepare for the next market wave.
We are currently in a continuous process of deception; just because the price rises doesn't mean we should be optimistic, and just because it falls doesn't mean we should be pessimistic. The crypto meeting on March 7 is still anticipated. The crypto industry has basically experienced this in every bull and bear cycle. During a bull market, any odd project can be called a valuable project; even the on-chain PVP model that rose with Solana. During a bear market, when the bubble bursts, everyone discards it like a worn-out shoe.
The market is far from over; short-term fear and declines cannot stop the bull market's progress. Multiple factors are jointly fostering a bull market in crypto, so everyone needs to be a bit patient. Every decline is the best opportunity to get in.
