Market Overview & Key Events
Bitcoin (BTC) is trading at **82,478∗∗,down 2082,478∗∗,down 20109k). The Fear & Greed Index is at 20 (Extreme Fear), suggesting potential buying opportunities if sentiment rebounds 94.
Macro Factors: Recent sell-offs were driven by tariff concerns and profit-taking after Trump’s "strategic crypto reserve" announcement (BTC, ETH, XRP, SOL, ADA included) 63.
Upcoming Catalyst: The White House Crypto Summit (March 14) may clarify details about the U.S. crypto reserve and regulatory priorities. Watch for volatility around this event 63.
Key Levels to Watch
Bitcoin (BTC)
Support: $70,000 (critical psychological level; breakdown could trigger deeper correction) 6.
Resistance: $90,000 (reclaiming this level may signal bullish reversal) 9.
Technical Indicators:
50-Day SMA: $96,053 (bearish crossover) 9.
RSI: 34.89 (neutral, but approaching oversold territory) 9.
Ethereum (ETH)
Support: 2,555(Fibonacciretracementlevel;breachrisksdropto2,555(Fibonacciretracementlevel;breachrisksdropto2,100) 16.
Resistance: 2,670–2,670–2,900 (bullish momentum requires reclaiming this zone) 1.
Altcoins in Focus
XRP, SOL, ADA: These coins spiked post-Trump’s reserve announcement but remain volatile. Key levels:
XRP: 1.81(support)vs.1.81(support)vs.4.44 (2025 forecast high) 13.
SOL: 166(support)vs.166(support)vs.555 (upper target) 1.
ADA: 0.68(support)vs.0.68(support)vs.2.22 (stretch target) 1.
