海绵讲币

The one-day bull market has ended, and short-term influences cannot change the trend. Once a trend is formed, its strength surpasses everything.

This also implies that most of the market is just noise. Reducing the intake of junk noise and analyzing Trump's behavior is not as effective as directly observing K-line price performance. Price is the sum of information.

Every round of the market is different. This round for the spot traders has been very difficult, with few achieving significant results. The market is changing, and the corresponding operational logic also needs to change. Simply holding on seems to no longer be effective?

It's basically the same as the market trends, on the night of October 25, 2019, the news broadcast started off fine, but by midnight it exploded.

Btc rose 50% in one night, and then there was an endless decline, which took half a month to return.

Now, there are more and more smart people and negative news from the US stock market, so the market is moving faster and faster.

Recently, altcoins have also been like this; half a month is equivalent to a year's trend in 2018.

In the past, I used to memorize candlestick patterns, and I thought it was useful; history always rhymes. Of course, you shouldn't just memorize blindly; understanding the reasons behind key market movements is the most important.

This market is still so brutal, it has never changed. Back and forth, up and down, over 200,000 people have been liquidated with more than $800 million.
However, there is no need to be pessimistic, this is something that must be experienced on the road to growth of the big pie, everything will eventually become fertilizer for the big pie to spiral upwards.
People in the crypto world have mixed feelings, but only hoarding the pie can save oneself!

This year's raging bull market will astonish everyone, as we all know, the second quarter is basically a time for Americans to vacation and accumulate positions. Don't be narrow-minded; making high sells and low buys will be very enjoyable. Then, in the second half of the year, find the right coin and hold on tightly. Remember the key words: choose the right track and coin. Otherwise, there's a high probability that their coin will soar while you can only watch in disbelief.

Completely turned bullish? I think confidence has at least returned.

There is now an important point of contention.

What is the expected scale of cryptocurrency reserves in the United States?

How much capital inflow is expected after several altcoin ETFs are approved?

I do not recommend being bearish; I rationally lean towards bullish, although BTC and US stocks have become more correlated, there is still a degree of independence.

Last night Trump called for a trade, catching the market off guard, but I mentioned in my previous analysis that BTC's $80,000 would hold temporarily, and SOL's $120 would hold as well. I also repeatedly called to bottom-fish SOL on Twitter, so fans who followed should have made a lot of profit.

Returning to the market, BTC is currently trying to reclaim the daily trend support range of $90,000-$93,000, with the daily reversal favoring bulls.

In the future, as long as the $90,000 support is not broken and the close stabilizes at $93,000, the next target for Bitcoin is the weekly level resistance of $100,000. In terms of operations, maintain a cautious bullish outlook, and under the premise of not breaking the $90,000-$93,000 advantageous support, we will watch whether the market can successfully challenge the $100,000 resistance.

Although the market has been influenced by news, I currently tend to believe that there will be no reversal, and it will ultimately undergo a period of fluctuation;

First of all, the news released by Trump last night is indeed positive, but it is a potential benefit, as Trump did not specify when or how it will happen, and whether it can be realized is still uncertain;

Secondly, after every significant drop, it is difficult to see a reversal in a short period unless there is clear incremental buying; otherwise, there will be a consolidation and adjustment;

Currently, I recommend closing out long positions that were entered at the bottom. It is okay not to go short, but I do not recommend chasing long positions, as the market is significantly influenced by news. It is advisable to temporarily reduce leverage when participating.

The market will be very lively in the next few days
The market trend is still mostly downward
Everyone is focused on the expectations of March 7th
So everyone is betting
The bullish sentiment has been suppressed for too long and needs to be released
First, there will be a habitual pull-up
After the meeting, still bearish
What do you all think!

If Trump can incorporate virtual currency strategic reserves into law and bring new funds to the crypto space, that would be great;
but if Trump is just talking nonsense, manipulating the crypto market without regulation, and profiting through establishing insider trading, then it can only be said, "Leeks, it's time for you to be harvested!"

Trading cryptocurrencies is actually not difficult, the secret is simple:
Buy before the rise, sell before the fall, and manage the waves back and forth.

Of course, the best skill is still to be able to hype.
If you can hype it up beautifully, the win rate will naturally increase!
Wishing everyone a great time and profitable earnings!

Will March be better for Bitcoin and altcoins?
February 2025 was the toughest year in the history of the cryptocurrency market. The price of Bitcoin fell by more than 17.39%, down to $82,000, marking the worst February performance for BTC in nearly a decade. However, altcoins like Ethereum (ETH) saw even larger declines, dropping by 31.95%, marking the worst February performance since their inception.
Historically, the negative trend of February often carries over into March, raising concerns about whether the market will rebound or if the downturn will continue. Keep a close eye on signs of recovery in March.

Can also determine a position 91k-94k
Whether it's the cost of short-term holders on the chain
Or the position of important support moving averages
It's also a position where trading volume/chips are relatively dense
The confirmation of the next trend's bull return
This is a necessary condition
Took a daily closing neck line position at 92k
Only after surpassing 92k can we talk about bull return
The bull return must exceed 92k
It should be said that the right side confirmation position

In 2021, Bitcoin peaked at 69,000 USD
In January 2025, the peak was only over 100,000 USD
May I ask everyone, what will we use to fall in a bear market?
Could it be that the bear market will return to 20,000 to 30,000 USD?
Then this bull market has been in vain?
Before 2025 has even started, you're telling me the bull market is over
This is just a joke

I'm actually very curious about how many fans have experienced the collapses of March 12, May 19, 1997, the Luna crash, and the FTX collapse.
Just talking about the recent ones, on August 17, 2023, and August 5, 2024, didn't we see drops like this?

Why does it always feel like the sky is falling?

A decline is not scary, and finding the bottom is not difficult.

In June 2022, a macro change led to a 22% drop in one week and over 30% in two weeks, which is actually the most similar to this time. But this time, the macro environment is still looser compared to back then.

There’s nothing that can’t be overcome.

The bull market has shown some warning signals.

To put it simply, the dangers in a bull market do not mean that the bull market is over. This round of the bull market has been progressing very steadily, and so far, the rapid decline can only be considered a normal sharp correction within the bull market; the bull market is not over yet.

My viewpoint: The bull market is not over!!!

The only good news is that the whales are increasing their holdings.
Bitcoin once again plummeted below $80,000, causing panic in the market, but institutional whales are increasing their positions. What could be the psychological price points for these institutions?
BTC fell below $80,000 today, down 25% from its historical high of $109,588, while ETH and SOL have corrected 45% and 55% from their peaks, respectively.
This recent decline has been primarily influenced by the sharp drop in U.S. tech stocks, particularly Nvidia, which fell 8.4%, losing $270 billion in market value overnight.
Additionally, factors such as Trump's announcement of tariffs on Mexico and Canada, and the strengthening of the U.S. dollar index have also suppressed market sentiment.
Interestingly, however, institutions and whales are quietly increasing their holdings.
Data shows that the Bitcoin whale "Spoofy" has increased its holdings by 4,000 Bitcoins (approximately $344 million) during the recent correction, while another whale, which had been dormant for 2.5 years, deposited 200 BTC into Binance, potentially making a profit of $11.8 million if sold.
This behavior of whales stands in stark contrast to Arthur Hayes's prediction that "Bitcoin may drop below $80,000 over the weekend."
Bitwise CIO Matt Hougan even stated, "After adjusting for risk, now is the best time in history to buy Bitcoin."
MicroStrategy's Bitcoin holdings still have an unrealized profit of $6.9 billion, with an average price of $66,357.
This divergence indicates that while market panic is dominating pricing in the short term, long-term funds remain optimistic about the prospects of the crypto market, which may be related to the improving regulatory environment in the U.S., the increasing number of crypto ETF products, and a favorable political climate.
From a historical perspective, a 30% correction during a bull market is a normal phenomenon.