Currently, the list of participants for the crypto summit held at the White House on March 7.
1. Michael Saylor
Executive Chairman of MicroStrategy, a staunch supporter of Bitcoin, has confirmed attendance.
2. Brad Garlinghouse
CEO of Ripple, will participate in discussions on stablecoin regulation and cross-border payment issues.
3. Brian Armstrong
CEO of Coinbase, has confirmed attendance.
4. Sergey Nazarov
Co-founder of Chainlink, may participate in the summit but has not been fully confirmed.
5. JP Richardson
CEO of Exodus, has confirmed attendance.
6. Matt Huang
Co-founder of Paradigm, invited to attend.
7. Vlad Tenev
CEO of Robinhood, hinted at attending the meeting in Washington.
Representatives from the government and regulatory agencies
1. Donald Trump, President of the United States, will personally host the summit and give a speech.
2. David Sacks
Head of AI and Crypto Policy at the White House, presiding over the summit.
3. Bo Hines
Executive Director of the Presidential Digital Asset Working Group, responsible for meeting coordination.
Member of the Presidential Digital Asset Working Group
Including senior officials from the Treasury, Justice Department, SEC, CFTC, and other agencies, such as Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Attorney General Pam Bondi.
Now, Old Dog will briefly analyze the recent popular cryptocurrencies in the market (medium-term level)
First, let's take a look at Ethereum.
From a weekly perspective, since Ethereum broke above the weekly 30MA at $1789, the price has remained above $1789. Although it briefly fell below the weekly 30MA, the price was pulled back above the weekly 30MA in just four months.
This year, the price of Ethereum has once again fallen below the weekly 30MA and recently dropped below $2000, but the lowest point remains above $1789. Therefore, from a medium-term perspective, Ethereum's price is still in a bull market cycle and is close to the bottom. The short-term resistance level is around $2900. The medium-term resistance level is still around $4000, as during this bull market, Ethereum's price has touched $4000 multiple times without breaking through with volume and stabilizing, which is the main reason why Ethereum has struggled to reach new highs this time. Therefore, Ethereum's price needs to successfully stabilize above $2900 before it can continue to test the $4000 medium-term pressure area.
Bitcoin,
As the cryptocurrency with the most ETF inflows in this bull market. From a weekly perspective, Bitcoin's price recently touched around $78258, and this week it touched $81500 once again. Although the price has fallen below the weekly 30MA, it stabilized above the weekly 30MA at closing.
From the K-line perspective, Bitcoin has repeatedly touched above $100,000, but the price has not stabilized above that level and quickly fell back below $100,000. This indicates that this price level is a psychological sell-off point for ancient whales and institutions. However, Bitcoin still enjoys purchases from large institutions and whales, so it is normal for the market price to drop after profit-taking for a period. The high volatility of prices at high levels also leads to violent price drops and rapid rebounds in recent weeks. The short-term weekly resistance level is around $96500. As long as this level can break through with volume, Bitcoin's historical high within the year will be refreshed with the influx of funds.
SOL
As one of the hottest public chains in this bull market, SOL saw a plethora of golden dogs last year, with highly efficient transaction speeds and low gas fees leaving Ethereum far behind. From a weekly perspective, after SOL's price reached above $200 in this bull market, it underwent a long period of consolidation, with a concentrated chip distribution in the $105-$146 range. The price then broke through to a historical high, reaching nearly $300.
However, recently SOL is facing unlocking auctions, so over the past few weeks, the price of SOL has continued to decline, currently reaching the buying range of the bull market cycle. But with the end of the SOL auction and the negative pressure subsiding, whales will re-enter. Formerly popular meme coins during SOL's rise will also experience varying degrees of rebound. The short-term resistance level at $245 must be broken, and SOL is still expected to reach $400 (the predicted price for SOL in early 2023) within the year.
XRP
As an established altcoin, it has become another dark horse in this bull market, currently ranking third in market value, far surpassing some old altcoins that once stood alongside it, such as LTC, BCH, and ETC.
From a weekly perspective, XRP's price quickly rose from around $0.5, reaching a maximum price of $3.4, an increase of about six times. However, during the rise, XRP quickly retracted from the $2 support level on multiple occasions, so from a medium-term perspective, $2 is a good support level. The upper $3 serves as a short-term resistance level for XRP, where large institutions frequently change hands, causing the weekly price to spike multiple times. However, recently, as XRP has been mentioned by the president as one of the strategic reserves, it will follow the market for a new round of upward movement after the handover is completed.
In recent weeks, the market has been quite difficult for everyone, with the altcoins in hand being halved repeatedly. The coins that have surged in the market are basically unrelated to oneself. Old Dog still insists that without a bull market for altcoins, it is not a complete bull market; the bull market must include an altcoin season. If new investors are not attracted to enter the market and if everyone doesn't earn to the point of being flushed with excitement and rushing forward irrationally, how can the dog farms harvest? The altcoin season can complete the growth of other mainstream coins in the entire bull market cycle in just a few months, so when you want to make high returns, the risks you face are also increasing.
Like old dogs, friends who hold spot positions should patiently hold onto their coins; as long as they are not delisted, there will still be opportunities in this bull market. For friends who haven't entered the market, I can't persuade you any longer; you can choose to observe or enter.
If you have questions, feel free to consult an assistant or leave a message in the comment section below.
Thank you all for your long-term support of Old Dog~
