Yesterday, the entire market experienced a bloodbath triggered by Trump Coin. Initially, many believed Trump’s presidency would propel the coin to new heights, but instead, he emerged as both the market's biggest butcher and savior. In the crypto world, angels and demons often share the same face. It raises the question—who can we truly trust in this volatile market? At 4 a.m. today, Trump officially took office at the Capitol, signaling bold and ambitious moves for the crypto space. The sharp drop in Trump Coin last night caused widespread panic, likely a strategic “needle insertion” to clean up contracts. This serves as a stark reminder for traders to avoid heavy positions—survival remains paramount in this high-risk environment.

Adding to the frenzy, Trump’s wife Melania launched her own meme coin, MELANIA, further igniting emotions among retail investors. Many are expected to rush in, driven by speculative frenzy, but this could easily lead to losses. In such a volatile market, quick profits are key—otherwise, investors may simply be funding handbags and cosmetics for the first lady.
Despite yesterday's turmoil, the bullish structure remains intact as long as the key support level of 99,500 holds. Spot buyers at the bottom should continue holding, as the true upward cycle may just be starting. With the 3-day MACD showing a golden cross, the current cycle could last around 40 days. For those who missed out, today’s pullback might present an opportunity to enter. Short-term traders should consider taking profits as patterns develop, while mid-to-long-term holders are advised to remain patient and ride the cycle. Tonight, the market is expected to see another wave of upward movement, but caution remains crucial in navigating these turbulent waters.
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