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Let's delve into Bitcoin analysis. Today is a pivotal day for the market with significant news and meetings that could greatly impact the market's future direction.
✨ Today, instead of dominance analysis, I want to explore the potential outcomes of today's sessions.
✅ The first session tonight is the Federal Reserve meeting where Jerome Powell will speak and announce the U.S. central bank's policies.
📈 In this session, if Powell announces a rate cut, we will definitely witness a market pump. This scenario seems plausible as U.S. inflation is currently under control, and there's no reason for an interest rate hike.
📊 If the interest rates are announced to remain steady and Powell indicates that no cuts are planned for a long duration, the market will likely fall. If the rates are raised, it will induce panic in the market, leading to significant drops.
⚡️ The next session is Trump's speech about the Crypto Reserve. Officially, it was decided yesterday that the U.S. will have a Crypto Reserve, but it will not enter the market as a buyer for now. Instead, it will introduce blocked funds, such as those from Silk Road, into this reserve.
🧲 Today's session where Trump speaks is crucial as it's the first time a U.S. president will hold a session specifically about crypto, making every statement he makes significant.
🔼 If he speaks positively about crypto, we will definitely witness a market pump, especially among American altcoins. Considering Trump himself owns a significant amount of crypto, it's highly likely he'll speak positively.
💫 On the other hand, there's no reason for Trump to speak negatively about crypto as it would undermine the enactment of the Crypto Reserve, which is very important to him.
💥 However, given the significant differences between Trump and Powell regarding crypto, these differing views could lead to unusual market volatility.
☘️ For instance, Powell might keep the interest rates steady or even increase them, which would cause the market to drop. On the other hand, to assert his influence, Trump might speak very positively about crypto, causing the prices to pump.
🔍 These manipulations in the short term lead to severe volatility and are not good for the market, but we need to see how these two sessions conclude and the statements made to carry out a long-term analysis.
📄 Here's a list of attendees at Trump's session:
🔹 Senior officials and figures from the crypto industry at the White House.
🔹 A crypto summit held by Trump at the White House on March 7th is one of the most significant events in history. The list of confirmed guests at this summit is as follows:
✅ Confirmed officials from the White House:
Bo Hines - Executive Director of the Presidential Advisory Council on Digital Assets
David Sacks - Special Advisor on AI and Digital Currencies
Mark Uyeda - Interim Chair of the U.S. Securities and Exchange Commission (SEC)
Caroline Pham - Interim Chair of the U.S. Commodity Futures Trading Commission (CFTC)
✅ Confirmed figures from the crypto industry:
Michael Saylor - Founder of Strategy
David Bailey - CEO of Bitcoin Magazine
Matt Huang - Co-founder of Paradigm
JP Richardson - CEO of Exodus
Kyle Samani - Managing Partner at Multicoin Capital
Zach Witkoff - Co-founder of Trump-linked World Liberty Financial
Sergey Nazarov - Co-founder of Chainlink
Brian Armstrong - CEO of Coinbase
Vlad Tenev - CEO of Robinhood
Arjun Sethi - CEO of Kraken
Kris Marszalek - CEO of Crypto.com
Brad Garlinghouse - CEO of Ripple
🎲In the unconfirmed section, notable names such as Vitalik Buterin, Scott Bessent, and Hoskinson are seen, though they have not been officially confirmed yet.
⭐️ Now that we've reviewed these sessions, let's move on to Bitcoin analysis to see what technical events might occur today.
⏳ In the 1-hour timeframe, it's clear that traders are waiting for Trump's and Powell's speeches to decide their actions based on today's meetings.
📈 I can't give you a specific trigger today because any position you open will be influenced by the news, and opening positions today is akin to gambling, entirely dependent on the statements made in the sessions.
🔽 If the news is negative, the important support areas are 86802, 83151, and 78940, which can prevent a price drop if the news is negative but doesn't induce panic.
📉 If the news causes panic, we might even see a 20% red candle, in which case no support levels will be respected, and we'll have to see when the market panic ends.
🔼 If the news is positive for the market, the significant resistance areas are 94355 and 98482, which can act as supply zones.
⚡️ That's all for today's analysis. Be very cautious with the market today, and I recommend that you closely monitor the market during the session to experience this significant event.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Let's delve into Bitcoin analysis. Today is a pivotal day for the market with significant news and meetings that could greatly impact the market's future direction.
✨ Today, instead of dominance analysis, I want to explore the potential outcomes of today's sessions.
✅ The first session tonight is the Federal Reserve meeting where Jerome Powell will speak and announce the U.S. central bank's policies.
📈 In this session, if Powell announces a rate cut, we will definitely witness a market pump. This scenario seems plausible as U.S. inflation is currently under control, and there's no reason for an interest rate hike.
📊 If the interest rates are announced to remain steady and Powell indicates that no cuts are planned for a long duration, the market will likely fall. If the rates are raised, it will induce panic in the market, leading to significant drops.
⚡️ The next session is Trump's speech about the Crypto Reserve. Officially, it was decided yesterday that the U.S. will have a Crypto Reserve, but it will not enter the market as a buyer for now. Instead, it will introduce blocked funds, such as those from Silk Road, into this reserve.
🧲 Today's session where Trump speaks is crucial as it's the first time a U.S. president will hold a session specifically about crypto, making every statement he makes significant.
🔼 If he speaks positively about crypto, we will definitely witness a market pump, especially among American altcoins. Considering Trump himself owns a significant amount of crypto, it's highly likely he'll speak positively.
💫 On the other hand, there's no reason for Trump to speak negatively about crypto as it would undermine the enactment of the Crypto Reserve, which is very important to him.
💥 However, given the significant differences between Trump and Powell regarding crypto, these differing views could lead to unusual market volatility.
☘️ For instance, Powell might keep the interest rates steady or even increase them, which would cause the market to drop. On the other hand, to assert his influence, Trump might speak very positively about crypto, causing the prices to pump.
🔍 These manipulations in the short term lead to severe volatility and are not good for the market, but we need to see how these two sessions conclude and the statements made to carry out a long-term analysis.
📄 Here's a list of attendees at Trump's session:
🔹 Senior officials and figures from the crypto industry at the White House.
🔹 A crypto summit held by Trump at the White House on March 7th is one of the most significant events in history. The list of confirmed guests at this summit is as follows:
✅ Confirmed officials from the White House:
Bo Hines - Executive Director of the Presidential Advisory Council on Digital Assets
David Sacks - Special Advisor on AI and Digital Currencies
Mark Uyeda - Interim Chair of the U.S. Securities and Exchange Commission (SEC)
Caroline Pham - Interim Chair of the U.S. Commodity Futures Trading Commission (CFTC)
✅ Confirmed figures from the crypto industry:
Michael Saylor - Founder of Strategy
David Bailey - CEO of Bitcoin Magazine
Matt Huang - Co-founder of Paradigm
JP Richardson - CEO of Exodus
Kyle Samani - Managing Partner at Multicoin Capital
Zach Witkoff - Co-founder of Trump-linked World Liberty Financial
Sergey Nazarov - Co-founder of Chainlink
Brian Armstrong - CEO of Coinbase
Vlad Tenev - CEO of Robinhood
Arjun Sethi - CEO of Kraken
Kris Marszalek - CEO of Crypto.com
Brad Garlinghouse - CEO of Ripple
🎲In the unconfirmed section, notable names such as Vitalik Buterin, Scott Bessent, and Hoskinson are seen, though they have not been officially confirmed yet.
⭐️ Now that we've reviewed these sessions, let's move on to Bitcoin analysis to see what technical events might occur today.
⏳ In the 1-hour timeframe, it's clear that traders are waiting for Trump's and Powell's speeches to decide their actions based on today's meetings.
📈 I can't give you a specific trigger today because any position you open will be influenced by the news, and opening positions today is akin to gambling, entirely dependent on the statements made in the sessions.
🔽 If the news is negative, the important support areas are 86802, 83151, and 78940, which can prevent a price drop if the news is negative but doesn't induce panic.
📉 If the news causes panic, we might even see a 20% red candle, in which case no support levels will be respected, and we'll have to see when the market panic ends.
🔼 If the news is positive for the market, the significant resistance areas are 94355 and 98482, which can act as supply zones.
⚡️ That's all for today's analysis. Be very cautious with the market today, and I recommend that you closely monitor the market during the session to experience this significant event.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
💥 Don’t Miss Out!
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Don’t Miss Out!
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.