A strategic reserve tweet brought good news, Bitcoin rebounded strongly, the market celebrated, and Bitcoin soared to $95,000, with the overall market cap of cryptocurrencies increasing by over $300 billion in just a few hours!
This wave of the market can be said to be, whether it succeeds or fails, it all comes back to Trump.
After Trump announced the upcoming crypto summit, he also stated on social media last night that he would promote cryptocurrency as a strategic reserve, directly triggering a market surge, particularly mentioning that the strategic reserve includes not only Bitcoin and Ethereum but also SOL, XRP, and ADA.
So is this wave of the market really a historic good news, or is it a carefully planned market manipulation to buffer emotions?
Trump's comments did indeed drive the rebound of BTC and four other coins, but this time Trump has overdrawn the market's sentiment towards the strategic reserve. If substantial policies are not implemented soon, this upward trend will be difficult to sustain, and the possibility of a pullback is high. On the contrary, if the reserve plan can smoothly implement the tweet Trump sent this time, it will bring the crypto market to new heights.
I still suggest that everyone choose to reduce positions at highs to secure profits. However, in the current market environment, also avoid shorting, and when trading contracts, make sure to set stop-losses. After all, Trump might throw out new tricks at any time. If BTC is really included in the U.S. national strategic reserve, the market could face a massive rally, and shorts will face huge risks. Even if this possibility is extremely low, I would not bet on it.
Countdown to the March 8 crypto summit, will the exposure of BTC strategic reserve details become a market catalyst?
Next, we need to pay attention to the crypto summit on March 8th. Will Trump throw another big bomb? Will market sentiment continue to FOMO?
Last night Trump's call definitely gave the market another shot of 'stimulation', instantly igniting market sentiment, which also means that the Bitcoin strategic reserve bill is about to be implemented. It is expected that some specific details will be announced at the crypto summit on March 8th. Crypto czar David Sacks also stated that more important information will be disclosed at the cryptocurrency summit.
This determines whether the short-term market can continue to rise. We can follow market sentiment to take profits in stages. The market is always about buying when no one cares and selling when it's crowded. Through this market, we can also see that all of Trump's actions revolve around making money for himself.
Now there’s a feeling of trading coins alongside the president; he has his own position, and the market is used to him calling the shots, which is quite good. A profit-oriented president, doing things for money, Trump’s four years in office will likely not lack opportunities for profit in the crypto market.
As for the altcoin season? Everyone, don't rush!
As I have said many times before, having some is still a small altcoin season. It is difficult to see all sectors rise significantly, as the market does not have that much liquidity, and the balance sheet is still being tightened. We do not yet know where the next rate cut will be.
The limited funds are currently concentrated in a few sectors. The key is that the stimulus from last night’s knowledge sentiment has not really brought in more funds, but I do believe that Bitcoin will likely see new sectors rise during the upcoming volatility! Don’t be greedy and don't be afraid, it’s time to enter and exit.
Recently, the AI Agent sector is still strong, followed by Bitcoin, SOL, XRP, ADA, and other coins related to the Trump concept. There are also some coins that are obviously controlled by strong hands, such as RATS, SLERF, and RUNE.
If you missed this wave of the market, you can look at those coins that have not yet started. You should know that artificial intelligence is an important sector, not only full of imagination but also indeed attracting a lot of capital attention. If you want to find those strong coins that have already been fully washed out, whether they are MEME or value coins, you can refer to these:
AI sector: SWARMS, AI16Z, SHELL
Coins controlled by strong hands: SATS, RATS, RUNE, SLERF, PNUT, ACT, DOG, ENS, METIS, AVAX, LTC
Additionally, a reminder that if the coins purchased recently have risen too much, or if the position is too heavy, it is advisable to reduce holdings appropriately. Personally, I feel that before the conference on the 7th, the market will be relatively stable. The saying 'it always drops during meetings' cannot be fully trusted, but it also cannot be completely ignored.