Is #ETH #ETH Bull Market over - since Trump took office, the market has begun to fall sharply, even if the Federal Reserve said that the good news that banks can hold Cryptocurrency, it has not given the market a significant boost, and the market is currently injecting more fresh and energetic funds, but it is still peeling off the cocoon. In this case, how can BTC, which requires such a large amount of capital, continue to maintain its price and continue to pump? Since the new money in the market has stagnated, it is necessary to start the game of existing funds, so as to wait for the next fuller narrative. Then there is the executive order signed by Trump, which includes the Trump administration's commitment to improve the regulatory environment for the encryption industry, and the executive order establishes a working group to develop a clear market structure and classification of digital assets ( such as securities, commodities, collectibles, and other ). In addition, the Trump administration plans to push the SEC to establish a "Cryptocurrency Enforcement Unit" to strengthen regulation of the encryption market. Mandatory tightening of regulation is not a good thing for the encryption market, which has been unregulated for many years. So this also drove the market down to a certain extent.

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Where do you think the price of BTC will drop to? The price will definitely drop to a level below 97,200. Below 97,200 is around 95,500. I am more inclined to think that the price will reach the 95,500 level. As for whether the decline will stop, I don't know, but I will pay close attention to these levels. This is what is likely to happen from a broader perspective. What should we do in the short term? It is mainly shorting. After the rebound, the price will probably continue to fall. As for the strong resistance above, it is around 100,700, and further up is around 102,500. For now, we only expect a rebound to around 100,700, and the possibility of breaking through this level is small. So the possibility of reaching 102,500 is even lower. Once the price completes the rebound and resumes the downward trend, we will need to aim for below 98,000.
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The limit of Ether is around 2800, it definitely won't go down at the high level. Then there is the story of Ether. The hype about tariffs has just begun outside, which is meaningless. The digestion of what needs to be digested is almost complete. Encryption can only focus on the strong control state. I feel that the possibility of the past is very small, so I consider buying around 2850-2920. Is it good news for Trump's Ether Fund to buy? It has been grinding without finishing, don't expect too much. Moreover, Trump's buying is through OTC or other methods. If it is bought directly in the market, Ether would have exceeded 10,000 a long time ago. So obviously it is a strong control state of shorting and longing at low.