#巨鲸动向 $BTC The current price is not very good for entry. If the trend is downward, this position may be trapped for a long time and deeply. We don't know when it will come back next time. If it is upward, it will likely take a long time to gain momentum; it won't happen overnight or climb directly. Moreover, at this price, how much more can it rise? Although it is possible that one day it will reach 1 million dollars each, that is definitely not going to happen now. So, at the current price of 87,000 dollars, even if it rises again, how much space is there, and how long can everyone hold on?
#巨鲸动向 $BTC The current price is not very good for entry. If the trend is downward, this position may be trapped for a long time and deeply. We don't know when it will come back next time. If it is upward, it will likely take a long time to gain momentum; it won't happen overnight or climb directly. Moreover, at this price, how much more can it rise? Although it is possible that one day it will reach 1 million dollars each, that is definitely not going to happen now. So, at the current price of 87,000 dollars, even if it rises again, how much space is there, and how long can everyone hold on?
#巨鲸动向 $BTC The current price is not very good for entry. If the trend is downward, this position may be trapped for a long time and deeply. We don't know when it will come back next time. If it is upward, it will likely take a long time to gain momentum; it won't happen overnight or climb directly. Moreover, at this price, how much more can it rise? Although it is possible that one day it will reach 1 million dollars each, that is definitely not going to happen now. So, at the current price of 87,000 dollars, even if it rises again, how much space is there, and how long can everyone hold on?
The big coin has dropped significantly, and the trend has been somewhat damaged. The hourly chart shows signs of a stop and rebound, with the 87000 level now acting as resistance, suppressing the rebound of the big coin, while support has returned to around 84500.
Ethereum is still the same Ethereum, which has been despised in this bull market. The support around 2050 no longer exists, and the 2000 level is facing another test, with support around 1980. If 1980 is lost, Ethereum has the potential to drop to 1800.
On the hourly chart, although Ethereum shows signs of stopping the decline alongside the big coin, it is very weak and cannot withstand a second pullback. Typically, this kind of market does not correct in one go, and there may be continued downward movement in the early morning; preparations should be made.
After tomorrow's consolidation, if the big coin and Ethereum can stabilize above the support, we can still make up for our positions, and being cautious in such a market is certainly wise. Everyone should be patient and wait.
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As of March 1, 2025, the cryptocurrency market is experiencing significant volatility, particularly concerning assets associated with President Donald Trump.
Following President Trump's re-election in November 2024, Bitcoin's price surged, surpassing the $100,000 mark in December 2024. This rally was fueled by his administration's pro-crypto stance, including the appointment of crypto-friendly regulators and plans to establish a national Bitcoin reserve.
In January 2025, President Trump launched the $TRUMP meme coin, which initially saw a rapid increase in value. However, recent market dynamics have led to a sharp decline, with the coin's value dropping by 80% from its peak.
The broader cryptocurrency market has also been affected by recent policy decisions. In February 2025, the Trump administration implemented a 25% tariff on imports from Canada and Mexico, along with additional tariffs on China. These actions have contributed to a market sell-off, erasing over $1 trillion in value since December 2024. Bitcoin has fallen below $80,000, a 28% decrease from its January peak, while Ethereum has reached its lowest price since January 2024.
On the regulatory front, the U.S. Securities and Exchange Commission (SEC) under the Trump administration has shifted its approach. The SEC has restructured its crypto division, forming a "crypto task force" to develop clear guidelines and scaling back its investigative branch. This has led to the suspension or dismissal of lawsuits against major crypto entities, including Binance and Coinbase.
Despite these regulatory changes, market sentiment remains cautious. Analysts suggest that clear regulatory frameworks and positive policy signals are necessary for market recovery. Some remain optimistic; for instance, Standard Chartered predicts that Bitcoin could reach $500,000 before the end of President Trump's term. #TRUMP $TRUMP
As of March 1, 2025, the cryptocurrency market is experiencing significant volatility, particularly concerning assets associated with President Donald Trump.
Following President Trump's re-election in November 2024, Bitcoin's price surged, surpassing the $100,000 mark in December 2024. This rally was fueled by his administration's pro-crypto stance, including the appointment of crypto-friendly regulators and plans to establish a national Bitcoin reserve.
In January 2025, President Trump launched the $TRUMP meme coin, which initially saw a rapid increase in value. However, recent market dynamics have led to a sharp decline, with the coin's value dropping by 80% from its peak.
The broader cryptocurrency market has also been affected by recent policy decisions. In February 2025, the Trump administration implemented a 25% tariff on imports from Canada and Mexico, along with additional tariffs on China. These actions have contributed to a market sell-off, erasing over $1 trillion in value since December 2024. Bitcoin has fallen below $80,000, a 28% decrease from its January peak, while Ethereum has reached its lowest price since January 2024.
On the regulatory front, the U.S. Securities and Exchange Commission (SEC) under the Trump administration has shifted its approach. The SEC has restructured its crypto division, forming a "crypto task force" to develop clear guidelines and scaling back its investigative branch. This has led to the suspension or dismissal of lawsuits against major crypto entities, including Binance and Coinbase.
Despite these regulatory changes, market sentiment remains cautious. Analysts suggest that clear regulatory frameworks and positive policy signals are necessary for market recovery. Some remain optimistic; for instance, Standard Chartered predicts that Bitcoin could reach $500,000 before the end of President Trump's term. #TRUMP $TRUMP
Bitcoin (BTC) Spot ETF: Total Net Outflow: $242 million Grayscale GBTC: Net Outflow $23.1345 million Bitwise ETF BITB: Net Inflow $48.3080 million Fidelity FBTC: Net Inflow $36.2027 million
Ethereum (ETH) Spot ETF: Total Net Outflow: $77.51 million Grayscale ETHE: Net Outflow $21.4027 million
Although yesterday's data showed overall outflows for BTC and ETH ETFs, the inflows for BITB and FBTC indicate that market confidence in Bitcoin's long-term prospects remains.
$APE Correction: A Diamond Bottom Formation The recent APE correction appears to have formed a diamond bottom pattern, suggesting that we may be nearing the end of the corrective wave B. Anticipating a Bullish Wave C Based on this analysis, we can expect a bullish wave C to follow. This could lead to significant price appreciation for APE. Invalidation Level To maintain the validity of this analysis, it's crucial that the daily candle doesn't close below the specified invalidation level. A close below this level would signal a potential breakdown of the bullish scenario. Risk Management As always, it's essential to prioritize risk management. Implement a strict stop-loss order to limit potential losses. Additionally, adhere to sound capital management principles to protect your overall investment portfolio. Please feel free to ask any questions you may have.#NovemberMarketAnalysis $