1. $BTC rises to 92,000, the main reason for the rebound: Trump holds a cryptocurrency summit at the White House.

The summit will take place from 2:30 AM to 6:30 AM on March 8, divided into two sessions: one is a seminar with over 20 participants; the other is a public summit.

The main topics discussed will include regulatory frameworks, stablecoin policies, and the BTC strategic reserve plan.

2. Do not have overly high expectations for the BTC strategic reserve during the summit; Trump's original words at the 2024 consensus conference:

"The United States will not sell any more $BTC and will hold these BTC as a strategic reserve."

The most likely scenario is that the BTC confiscated by the United States will be used as a strategic reserve and not sold again.

Secondly, there is the U.S. sovereign fund, which is primarily funded by extra government revenue, including taxes. The $50 million investment in AI came from this source and could potentially become a buyer for the cryptocurrency strategic reserve.

Finally, selling gold to buy $BTC through the Federal Reserve is basically impossible and would require Congressional approval.

3. $BTC has two resistance levels at 92,000 and 96,000.

Currently, it has broken away from the 200-day moving average of 82,000 and has not fully entered a bear market. 82,000 remains a strong resistance level.

Yesterday, the small non-farm payroll data was released, with employment figures not meeting expectations, which is bearish.

The most critical non-farm payroll data will be released on Friday at 21:30, which will impact the $BTC trend.

If the non-farm data is slightly worse but not too bad, it will increase the probability of interest rate cuts, which is favorable for U.S. stocks and the cryptocurrency market.

If the non-farm data is too poor, it will raise expectations of an economic recession, which is bearish for U.S. stocks and the cryptocurrency market. #白宫首届加密货币峰会 #加密市场反弹