The market has contracted for several days, desperately waiting for some fundamental positive news. The last bottom-fishing at 86000 was met with a painful setback, but it still does not affect the courage to persist in the bull market. Meanwhile, due to the long period of market adjustment, bulls have accumulated too much energy, leading to a demand for a surge in buying. Although the trade war affects the economy, the medal believes that in a larger direction, the crypto space still has its main direction and cyclical nature. The bull market continues, and after a mid-term adjustment, there will always be reasons for bulls to rise.
Fortunately, both the past March and the upcoming April have inherent factors that stimulate growth. The medal believes that bulls will welcome a rebound this month.
On March 26, Bryan Steil, chairman of the U.S. House of Representatives Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee, and French Hill, chairman of the Financial Services Committee, announced the draft of the (Stablecoin Transparency and Accountability to Promote Better Ledger Economy Act) (referred to as the STABLE Act).
For a long time, the legal status of stablecoins has been uncertain, making traditional financial institutions and large institutional investors hesitant to enter the market. However, with recent legislation clarifying the legality of stablecoins, this uncertainty has been effectively eliminated, providing financial institutions with reassurance and paving the way for their entry.
Against this backdrop, a large number of banks, payment institutions, and large investment funds will be more proactive in issuing and using compliant stablecoins, bringing new development momentum to the Web3 industry. This not only promotes the integration of traditional finance and Web3 but also accelerates the advancement and innovation of the digital financial system.
In this way, the Web3 industry will welcome a wave of capital inflow, and compliant stablecoins will undoubtedly become the core infrastructure of the digital economy. This will drive payment, clearing, and cross-border settlement based on compliant stablecoins to gradually become the mainstream payment method in the digital economy, while also vigorously promoting the flourishing development of fields such as DeFi and RWA, which may even lead them to mainstream financial markets.
Therefore, the goal of the U.S. in promoting the compliance of stablecoins is to allow global capital to flow more smoothly into the Web3 world, thereby promoting the rapid development of digital assets and helping the entire industry to step towards a more mature future.
At the end of last month, Strategy acquired 22,048 BTC for approximately 1.92 billion USD, at a price of about 86,969 USD per Bitcoin. The medal believes that Strategy, as a long-term believer in Bitcoin, continues to buy Bitcoin heavily, which firstly demonstrates confidence in Bitcoin's long-term rise, and secondly reflects professional institutions' precise acquisition of positive news sources from within the government, showing confidence in the future market.
At the same time, the U.S. House Financial Services Committee's Digital Assets Subcommittee will hold a hearing next Wednesday, the 9th of this month, to discuss the federal regulatory framework for digital assets. The theme of this hearing is 'Adjusting U.S. Securities Law to Adapt to the Digital Age for the Future of American Innovation and Digital Assets,' which will mark the first public effort by the 119th Congress to establish rules for the operation of the 2.7 trillion USD crypto industry in the U.S.
Based on the above information, and considering that the crypto market has undergone significant deep adjustments for several months, the price rebound already has support from fundamentals and information. The medal believes that it is possible to attempt bottom-fishing again.
At this time, 84000 is a better opportunity for synchronously increasing positions in spot and low-leverage contracts. Full warehouse defense can be placed at the nearest fundamental support line of 81000 USD. In the short term, look for 89000 USD, and in the medium term, expect a range of 93000-95000 USD. At that time, continue to analyze the bullish trend based on the strength of the breakthrough at 95000 and the trend after a retracement.$BTC 
