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Where do you stand for the upcoming week โ๏ธ which side are you? Vote here ๐
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๐จ๐จ DONT MISS ๐จ๐จ CURRENT BITCOIN SUPPORT LEVELS 1. The most recent low is $78,200. Shortly before the Trump announcement spike, in late February 2025, Bitcoin hit its current low of 120 days. This technical and psychological floor supported the latest sell-off. Deeper drops may be hinted at by a break below. 2. $74,000 for Helpful Months At roughly $74,000, Bitcoin intersects the 200-day moving average and a multi-month horizontal line that connects the March and October 2024 tops. In this robust support area, long-term investors may decide to get involved. 3. $87,000 for Temporary Support Just above the pre-announcement range, $87,000, which is consistent with the 50-day moving average, served as resistance during the consolidation period. If selling pressure eases, it might serve as a short-term floor. 4. Level of Psychology: $92,000 Before the drop, the volatility brought on by tariffs in early February turned $92,000 into a battlefield. For the market to continue rising, bulls must protect this important milestone. If Bitcoin is unable to sustain $78,200, the next major support, which is correlated with pre-election levels in October 2024, would be $67,000. On the plus side, getting back $94,000 might make people feel better about $100,000. ๐ฅBitcoin has both benefits and drawbacks related to Trump's decision on March 3. When the initial exuberance gave way to profit-taking, implementation problems, and macroeconomic headwinds, the price dropped as reality set in. How international markets react to impending tariffs and whether the government acts swiftly to solve the strategic reserve will determine Bitcoin's destiny for the foreseeable future. The aforementioned support levels will determine how this tumultuous event unfolds, so traders should keep a careful eye on them. $BTC
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๐จ Bitcoin's Weekend Gains Evaporate as Fed Warns of Recession Bitcoin's weekend gains disappeared despite Trump's crypto reserve announcement briefly boosting prices. The Federal Reserve predicts a 2.8% GDP drop by Q1 2025, fueling recession fears and hurting crypto sentiment. Trumpโs proposed tariffs against key trading partners add pressure, triggering market instability. $BTC
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โก๏ธ Key Events Calendar for This Week: Monday, March 3: ๐บ๐ธ USA - S&P Manufacturing PMI (Feb) - 17:45 ๐บ๐ธ USA - ISM Manufacturing PMI (Feb) - 18:00 Tuesday, March 4: ๐ฒ๐ฝ๐จ๐ฆ Mexico & Canada - Introduction of 25% trade tariffs Wednesday, March 5: ๐จ๐ณ China - Annual parliament sessions begin (March 5-11) ๐บ๐ธ USA - ADP Nonfarm Employment (Feb) - 16:15 ๐บ๐ธ USA - S&P Manufacturing/Composite PMI (Feb) - 17:45 ๐บ๐ธ USA - ISM Services PMI (Feb) - 18:00 ๐บ๐ธ USA - Fed Beige Book - 22:00 Thursday, March 6: ๐ช๐บ EU - ECB interest rate decision - 16:15 ๐บ๐ธ USA - Initial Jobless Claims - 16:30 Friday, March 7: ๐บ๐ธ USA - Fed Balance Sheet - 00:30 โ๏ธ USA - Nonfarm Payrolls (Feb) - 16:30 โ๏ธ USA - Unemployment Rate (Feb) - 16:30 โ๏ธ USA - First-ever Crypto Summit at the White House $BTC
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๐จBREAKING: President Donald Trump has announced that the United States will impose 25% tariffs on imports from Canada and Mexico starting Tuesday, March 4, 2025. $BTC
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BtcUsdt Weekly chart ๐ฅ Absolutely insane #BTC weekly candle ๐ฅ Sunday pumps always look suspicious and this one left a huge gap on CME. Huge wicks like this *usually* get partially filled so we may have a pullback to $85k to fill the wick & the CME Gap. It's not necessary but don't freak out if it happens. $BTC
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