BTC: BTC closed with a 'bullish belt hold' yesterday. The appearance of this bullish belt hold is closely related to the news of Trump supporting the reserve of encryption. The weekly chart shows a 'hanging man' pattern with huge volume, indicating significant selling pressure above, which may limit the current uptrend.

Overall, it should be very difficult to reverse and break through 95000-97000 in the short term, and the short-term outlook is for range-bound volatility.

Due to the sudden call by Trump to push BTC up, the focus still needs to be on the encryption meeting on March 8. If the meeting does not materialize the encryption strategic reserve, liquidity will be insufficient, and there will be no increase in funds entering the market. Therefore, the probability of a downward adjustment in the future is high.

If the Federal Reserve's dot plot in March is biased towards tightening, the market may face further downward pressure.