#AVAX has broken up the trend line. As long as the price is | Tinance 間 Traders on Binance Square

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#AVAX  has broken up the trend line. As long as the price is above the green area, it can reach the desired target. 🏌🏼

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This news is about the rise in the price of Bitcoin (BTC) and the impact of Eric Trump on it. Key points: 1. Eric Trump’s positive statement on Bitcoin Eric Trump encouraged the Trump-family-affiliated crypto platform “World Liberty Financial” to invest in Bitcoin. He said on X (formerly Twitter): “This seems like a great time to get into BTC, @worldlibertyfi”. 2. BTC’s immediate price increase Bitcoin’s price rose from $96,900 to $97,830 after this statement. Micro CME futures jumped above $98,000. 3. Uncertainty over Trump administration’s Bitcoin reserve The Trump administration’s AI and crypto advisor David Sacks said that the government is reviewing the feasibility of establishing a “strategic Bitcoin reserve”. The news disappointed crypto investors who were expecting immediate action. Potential implications for Bitcoin: Eric Trump’s statement created a temporary bullish sentiment in the market, sending BTC higher. If the Trump administration doesn’t make a decision on Bitcoin reserves soon, this bullish sentiment won’t last long. $98K is a key psychological resistance level—if BTC consolidates above it, further bullishness is possible. But if the price quickly falls, it could just be a short-lived bullish pump. What should you do? If you’re interested in BTC, watch for a breakout or rejection of $98K. If the Trump administration’s policies favor Bitcoin, a long-term bullishness is possible. But if policy remains uncertain, prices could come under pressure again.

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Conclusion: Bitcoin and Crypto Market Analysis Bitcoin (BTC): $99,267.22 (+4.65%) Ethereum (ETH): $2,793.76 (+8.16%) Market Volatility: The crypto market witnessed volatility due to Trump’s “tariff on/off” policy. First BTC fell to $91,000, then reached $100,000, and now it is back to $98,000 after China’s retaliation. US-China Trade Tensions: If a deal is reached between the US and China, BTC and other cryptos are expected to rise further. Altcoin Performance: XRP, SOL, DOGE, ADA and LINK saw significant gains. Other Financial Markets Overview Gold: $2,814.16/oz (-0.16%) Silver: $31.65/oz (+0.18%) US Dollar Index (DXY): 108.57 (-0.39%) US Stock Market: Dow Jones (DJIA): 44,421.91 (-0.28%) S&P 500: 5,994.57 (-0.76%) Nasdaq: 19,391.96 (-1.2%) Technical Analysis Bitcoin’s chart is showing a “stair-step” pattern, with the price first rising, then consolidating for a while, and then moving to new highs. If Bitcoin maintains stability between $90,000 and $110,000, it could be poised for a breakout. SOL, DOGE, ADA, and LINK are heavily shorted, which could lead to further gains. Important News and Announcements February 5: Boba Network will upgrade Ethereum L2 mainnet. February 6: Shinto Chain network upgrade (v2.14.0). February 13-14: NFT Paris conference. Attention Big Investors: Trading Trump's "TRUMP" meme coin earned $100M in fees, but saw a 75% decline. Conclusion 1. The crypto market is currently being affected by trade tensions, if a US-China deal is reached, Bitcoin and other cryptos may rally further. 2. Bitcoin price is consolidating between $90,000 and $110,000, which could signal a move higher. 3. Altcoins (especially SOL, DOGE, ADA, LINK) could see further gains, especially if there is a short squeeze. 4. The US stock market is bearish, while crypto and commodities (such as gold and silver) are seeing mixed trends. Caution is required when trading, as severe market volatility is expected.

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Analysis and Forecast: GBP (Speech by Bank of England Governor Andrew Bailey): Recent statements: Governor Bailey signaled in October 2024 that the Bank of England may cut interest rates more aggressively if inflation remains under control. Possible Effects: Positive: If Bailey talks about the strength of the economy or tighter monetary policy (hawkish). Negative: If they mention weaknesses in the economy or dovish policy. Current situation: Recent statements have indicated interest rate cuts, which could lead to negative effects for the GBP. --- CAD (Bank of Canada Events): 1. Interest rate cut: The Bank of Canada recently cut interest rates by 0.50%, bringing the rate down to 3.25%. 2. Monetary Policy Report and Statement: Positive: If the report indicates a strengthening economy, control of inflation, or stable rates in the future. Negative: If further declines are predicted or economic risks are emphasized. 3. Press Conference: Hawkish tone: Concerns over inflation may strengthen CAD. Dovish tone: Focus on lack of economic growth may undermine CAD. --- Overall result: GBP: Governor Bailey's recent statements point to a possible interest rate cut, which could have a negative impact on the GBP. CAD: A negative impact on CAD is expected due to the recent reduction in interest rates and possible dovish statements. Short answer: GBP: Potentially negative (signaling a potential cut in interest rates). CAD: Mostly negative (interest rate cuts + possible dovish statements).

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please hold all for 2027 you will be 100k dollar owner

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