The first cryptocurrency summit at the White House will take place on March 8, 2025, at 2:30 AM to 6:30 AM Beijing time. The market has been significantly affected in the past two days, with a maximum rebound of 92,810, while the current pullback has been relatively low. Bitcoin has shown strong performance driven by news, but it has not yet broken through some key resistance levels.
For news that has a significant impact, if there are no substantial policies implemented, the market will rise and fall accordingly. This wave may continue to rise to the 95,000—98,400 range.
U.S. stocks opened lower again, and after touching the upward trend line during yesterday's rebound, they faced pressure and continued to decline, which will test the support at the low point again. Each significant pullback in U.S. stocks is around 15, and I hope to see a good adjustment that can drive Bitcoin up. If it remains stagnant, risk control cannot be effectively managed.
Bitcoin
Bitcoin is still within a three-level convergence on the 4-hour chart. Currently, the buying sentiment is strong due to the crypto summit, so we should pay attention to whether it will break through the convergence levels and the daily downward trend line. If it breaks through 95,000, there is a chance to reach below 98,400. However, if this summit does not lead to substantial policies, be cautious about how the market will decline, or it may need to undergo a downward correction after the event.
The 1-hour upward trend line has been broken, and with U.S. stocks opening lower, Bitcoin also retraced. However, U.S. stocks rebounded after forming a pin bar at the previous low point, and Bitcoin followed suit. Keep an eye on the movements of U.S. stocks!
Support: Resistance:
On the altcoin front: Canary has submitted an S-1 application for its AXL ETF, optimizing token economics early on. After the Cobalt update, 98% of gas fees will be burned, and 2% will be allocated to the community. At the end of February, the blockchain interoperability protocol Axelar (AXL) announced a partnership with the U.S. fintech company Ripple.
Bitwise has submitted an S-1 filing for its Aptos ETF. Although Aptos ranks 36th, its efficient and scalable technology has attracted the interest of institutional investors, indicating that the market is paying attention to the next generation of blockchains. The technical aspect shows multiple bottom supports, and if it does not break down, there is considerable room for rebound later.
The Trump crypto project WLFI has included SUI in its strategic token reserves. Sui Network announced a partnership with the Trump crypto project WLFI. WLFI will incorporate SUI into its strategic token reserves to support leading Web3 projects. WLFI and Sui have already begun exploring product development opportunities.
If you like my views, please like, comment, and share. Let's navigate through the bull and bear markets together!!!
This article is time-sensitive and for reference only, with real-time updates.
Focusing on K-line technical research, sharing global investment opportunities. Public account: Trading Prince Fusu
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
