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Many cryptocurrency friends may only know that the market for Bitcoin has been favorable since Trump took office, but they may not understand why it is favorable or where the advantages lie. Today, the Coin Victory Group will take you through Donald Trump's speech at the 2024 Bitcoin Conference:

1. Policy Related

If elected President of the United States in 2024, he will fire Gary Gensler on the first day and appoint a new chairman of the U.S. Securities and Exchange Commission (SEC). At the same time, a strategic national Bitcoin reserve will be established by the U.S. government, and the U.S. government will retain 100% of the Bitcoin it owns. During his presidency, there will never be a Central Bank Digital Currency (CBDC).

2. Bitcoin Prospects

Price Aspect
Bitcoin will experience tremendous growth, "Bitcoin will fly to the moon." Do not sell Bitcoin; one day it may surpass the market value of gold. If elected president, Bitcoin and cryptocurrencies will soar in unprecedented ways.

Status and Significance
Bitcoin represents freedom and sovereignty, existing independently without government coercion and control. The U.S. will become the global cryptocurrency capital and a Bitcoin superpower. Bitcoin does not threaten the U.S. dollar; the current U.S. government is the one threatening the dollar.

3. Other Commitments

Reiterating the commitment to reduce Ross Ulbricht's sentence while assuring the Bitcoin community that on the day of his inauguration, Joe Biden and Kamala Harris's anti-cryptocurrency campaign will end.

Let’s take a look at the specific technical trends of Bitcoin. From the daily chart, Bitcoin surged significantly yesterday, forming a large bullish candle, and even reached a new high of 7.64 in the early morning. This indicates that the overall market is in a strong bullish state. Currently, there are no signs of a pullback, and the daily support level to focus on is the previous high of 7.36. Analyzing the 4-hour chart, there have been two consecutive bearish candles, which is a preliminary signal of a short-term pullback. At this point, the price has fallen below the 4-hour MA5 moving average, and we need to closely monitor whether the price will further pull back to the 4-hour MA10 moving average, which is at the important level of 7.36. Looking at the 1-hour chart, there have also been consecutive small bearish candles, indicating a change in price in the short term. We need to pay attention to the strength of the pullback, especially the key price level of 7.43 corresponding to the 1-hour MA30 moving average, which is crucial for judging the short-term price direction of Bitcoin.

BTC Entry Strategy: You can buy lightly when the price approaches 7.36. If the price pulls back to around 7.3, you can increase your position. Our target price is to see 7.45 and 7.5. When the price reaches above this range, you can reduce your position appropriately and continue to hold. This approach allows you to control risks while seizing opportunities from BTC price fluctuations, better responding to market changes.

This is the Bitcoin strategy for today. If any friends are stuck in positions, feel free to reach out to the Coin Victory Group, and I will help you solve the problem.

Ethereum is performing strongly on the daily chart, with two consecutive days of gains pushing its price above the daily MA120 moving average, which is at 2680, and now Ethereum's price has reached above 2800. The upcoming resistance levels to watch are 2955 and 3070. Looking at the 4-hour chart, Ethereum's trend is very strong. In this case, everyone can pay more attention to short-term operations. If there is a pullback, it might be a good opportunity to go long. Seizing such opportunities may yield rewards in this wave of Ethereum's market.

ETH Entry Strategy: We can buy lightly when the price approaches 2770. If the price pulls back to around 2740, we can increase our position. Our target is to look towards 2900 and above. When the price reaches this area, you can reduce your position appropriately and continue to hold.

Attention! The overall market is currently in a strong one-sided state, with no significant pullbacks yet. When trading, we should primarily focus on going long. However, do not blindly chase the market! Be patient and wait for a pullback opportunity before going long; this will help better control risks and seize opportunities.

This article is independently written by the Coin Victory Group. Friends in need of current price strategies and solutions can find the Coin Victory Group online. Recently, the market has been mainly characterized by fluctuations, accompanied by intermittent spikes. Therefore, when making trades, remember to control your take-profit and stop-loss levels. In the future, when facing major market data, the Coin Victory Group will also organize live broadcasts across the internet. Friends who wish to watch can find the Coin Victory Group online and contact me for the link.

Mainly focused on spot and contract trading, BTC/ETH/ETC/LTC/EOS/BSV/ATOM/XRP/BCH/LINK/TRX/DOT, specializing in styles, mobile locking strategies around high and low support and resistance for short-term fluctuations, medium to long-term trend trades, daily extreme pullbacks, weekly K-top predictions, and monthly head predictions.

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