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#trump 2025 #BTC #ETH #GateioInto11 * Current Situation:
* BTC is currently around the 86,000 price level.
* It's experiencing a period of sideways movement as the end of the month approaches.
* The market is uncertain whether the recent hourly rebound will continue or if BTC will decline to new lows.
* Overall Trend:
* The overarching trend for BTC is bearish (downward).
* Short-term rebounds are not expected to reverse this long-term bearish trend.
* Key Price Levels:
* 95,150 is identified as a significant resistance level (a price point where selling pressure is expected to be strong).
* There is limited strong support between 86,000 and 75,000.
* The rise from 65800 on november 5th, went smoothly through the 70000 to 80000 range, which means the fall will also be smooth.
* If 85,000 is breached, a rapid decline to 75,000 is possible.
* 90,000 will become a strong resistance level.
* Risk Warning:
* Significant price volatility (sharp "needles" or sudden price swings) is anticipated for the upcoming Wednesday, Thursday, and Friday.
* Traders holding long positions (bets that the price will rise) should be prepared for potential losses.
Upcoming Economic Events (U.S.):
* March 5th, 9:15 PM:
* Release of the U.S. ADP (Automatic Data Processing) Employment Change for February.
* March 6th, 9:30 PM:
* Release of the weekly U.S. Initial Jobless Claims.
* Release of the Federal Reserve's Beige Book (a summary of current economic conditions).
* March 7th, 9:30 PM:
* Release of the U.S. February Non-Farm Payrolls (a key employment indicator).
Key Considerations:
* These economic events can significantly impact financial markets, including the price of Bitcoin.
* Traders should pay close attention to these releases and be prepared for potential market volatility.
* All times are displayed in a 24 hour clock format.