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Why is Bitcoin Dumping Again? 🤔

The market was eagerly anticipating Donald Trump’s another announcement regarding the Crypto Strategic Reserve, but with no details released yet, uncertainty is driving the dump.

Additionally, a big CME gap has formed between Friday's closing and Monday’s opening near $85,700, which might lead to a wick filling this gap soon.

With the Crypto Summit on March 7, expect high volatility around the event. Be prepared for both sides of the market! 📉📈

ONG analysis:

Price is once again testing the support area and needs to hold this level. You can open a long position at the support area with a stop loss.

Support Area: $0.23-$0.243

Resistance Area: $0.352-$0.364

🚨 JUST IN: A staggering $120,000,000 has been liquidated from the cryptocurrency market in just the past 60 minutes!

Volatility is at its peak—stay cautious and trade wisely! 📉📈

We catch the exact bottom in ETH as the price bounced over 20% following the liquidity grab. We might see continued upward movement towards the major resistance area, and we'll observe how the price reacts there.

Resistance Area: $2800-$2900

SOL surged significantly yesterday after the news. The price broke through the resistance area with a strong green candle and is now retesting it. You can add more SOL if you missed out earlier at the support area.

Support Area: $156-$161.8

We nailed the perfect bottom of $78,500 while everyone was panicking and calling for $70,000 targets. Hope you all stacked up at the lows! 🚀

The strategic reserve narrative is just getting started—expect more countries to follow suit and announce BTC & crypto reserves. This is only the beginning of a massive shift in global finance.

Corrections will come, but the top is still far. Stay focused—bull season is in full swing! 🔥

Bitcoin has once again generated a significant upward movement, often referred to as the "God candle," following praise from Donald Trump and his comments regarding a potential strategic reserve. The price surged, reaching the resistance level of $95,000. Currently, BTC is attempting to maintain support in the range of $92,200 to $93,000. If it successfully trades above this range, we could see a rally towards the $95,000 mark once more.

🚨 BREAKING: 🇺🇸 President Trump says “Obviously, Bitcoin will be included in the strategic reserve.” 🏦

He added, “I also love Bitcoin.” ❤️

Massive news for crypto! 🤯🔥

ENS analysis:

The price is currently trading in a falling wedge pattern on the daily chart. We may see a breakout from this pattern in the coming days, which could drive the price toward the resistance area. You can consider opening a long position at the support area.

Support Area: $21.40-$22.20

Resistance Area: $30.20-$32.00

🚨 BREAKING: Trump's 🇺🇸 Executive Order on Digital Assets directs the Presidential Working Group to establish a Crypto Strategic Reserve including $XRP, $SOL, and $ADA! 🔥🔥

A game-changing moment for crypto! 🚀