Last night, Trump suddenly announced that he would issue an executive order to advance Crypto Assets such as BTC, ETH, XRP, SOL, and ADA into the strategic reserve of the United States. If last week's PCE data was a 'quick-acting heart pill,' then Trump's advocate last night was definitely another 'stimulant' for the market. Although this wave of market is fierce, fundamentally it still relies on Trump's advocacy + market fear of missing out sentiment, which belongs to short-term Favourable Information on the news side. In the medium to long term, macro and policy uncertainties still exist. What really determines whether large funds can continue to enter the market is the elimination of macro and policy uncertainties. Otherwise, short-term market sentiment will still dominate. Will Trump make another big move at the encryption summit on March 7th? Will market sentiment continue to fear of missing out? This will determine whether the short-term market can continue to rise.

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With Trump's tariff policy not yet implemented, the key time points ahead are March 7 and early April. Over the weekend, Mexico proposed to impose tariffs on China together with Canada in exchange for Trump's tariff exemption. It remains to be seen whether Trump will approve it. If the tariff policy towards Mexico and Canada is postponed tomorrow, it will have a certain easing effect on market sentiment. We still need to focus on three things: how the Fed views the current market uncertainty and the slowdown in the US economy, when the Fed will stop shrinking its balance sheet, and the latest interest rate cut dot plot from the Fed. If the latest dot plot shows that the number of rate cuts exceeds the market's expected 2 times, the market may see another rally. However, if it is below 2 times, below expectations, the sentiment may quickly cool off.
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After Bitcoin surged in the early session, it started to pull back, indicating that there is still pressure from above. However, the extent of the pullback is limited at the moment, fluctuating within the range of 91100-93000. As long as it breaks through these two levels, the price will usher in a new pattern. Such extreme market conditions are rare after all. Currently, it is also beginning to stabilize, with the trend continuously contracting. The bottom is gradually solidifying as well, all waiting for evening news. Currently adjusting at a low level, from a price perspective, 95000 is the peak of the daily acceleration line. Let's first see the strength of the rebound, short-term, advocate breaking through the range, and operate Ethereum synchronized with Bitcoin!