March 7, 2025 Crypto Conference Releases Positive News, Bitcoin Price Enters Triangle Fluctuation End, Change is Imminent

Market Overview: Trump's tariff concessions but "not concerned" about U.S. stocks led to a decline in the U.S. market, with the Nasdaq falling over 2% and entering an adjustment zone, while the S&P dropped back to its lowest point since the election; the underwhelming guidance from Micron Technology fell nearly 20%, dragging down chip stocks, with Nvidia plummeting nearly 6%, but Broadcom's after-hours guidance was positive, briefly jumping 17%. The China concept index fell 0.8%, with Li Auto down nearly 4%, but Xpeng Motors rose over 2%, and JD.com initially surged over 6% before giving back most of its gains, closing up 0.4%. The U.S. temporarily exempted tariffs on Mexico, causing the dollar index to erase its post-election gains and hit a four-month low, while the Mexican peso briefly rose nearly 1% to a two-week high, and the Canadian dollar reached a one-week high. The offshore yuan fell over a hundred points during the day, breaching 7.25. Bitcoin briefly dropped nearly $5,000, testing the $88,000 mark. After the ECB cut interest rates, the decline in German bonds eased; German stocks rose over 1%, hitting a historical high for the second time this week. The yield on the ten-year U.S. Treasury bond hit a one-week high during the day before retreating. Crude oil managed to stop a four-day decline, temporarily leaving a six-month closing low. Gold halted a three-day rise, briefly retreating nearly 1%. Market Review:

Yesterday's article was optimistic about a bearish pullback on the daily level of the larger cycle. Today, Trump's crypto conference once again released so-called positive news, announcing Bitcoin's inclusion in reserves. The price volatility was consistent with previous expectations; before Trump took office, the price maintained a bullish rise, surging to 110,000 on the day he took office, but the bearish trend has continued since then. After announcing Bitcoin's inclusion in reserves today, the price quickly fell below 85,000. The price then recovered and rebounded. All so-called positive news, after being realized, repeated the same market fluctuations! What is different this time is that the price has shown recovery behavior! Yesterday, the price peaked at 92,810 and bottomed at 87,814, with a daily fluctuation of 5,000 points. It maintained a fluctuation between 90,800 and 89,000 during the day, and at the end of the session, it fell back to around 87,800, rebounding to close at 89,458. The daily candlestick formed a long upper and lower shadow with a cross! After the market opened today, accompanied by the conference announcement of Bitcoin's inclusion in reserves, the price quickly accelerated downward, releasing the energy of market expectations being realized! It then began to rebound and recover!

As shown in the chart above, the one-hour chart of Bitcoin indicates that, aside from the data news, the entire fluctuation is maintained within a triangular range. After the positive news was realized and the price fell, why didn't the price continue to plummet??? Previous articles have analyzed the current price fluctuation situation, with the weekly chart showing six consecutive weeks of decline, with a drop of over 30,000 points. After a rapid decline last week, there was a quick rebound, and the price continued to decline after the market opened this week, falling into a triangular fluctuation! It is expected that the triangular fluctuation will last for some time; although there has been a rebound after a drop of 30,000 points, this wave of recovery from 78,000 to 95,000 is a rapid recovery stimulated by news, and the fluctuation time is too urgent, leading to today's expectation being realized without a rapid continuation of the plunge, but rather a sharp drop followed by a quick rebound for short-term recovery. The price has returned to the triangular range and is maintaining fluctuation! Market Outlook:

Today is Friday, and the three trading days of Friday, Saturday, and Sunday will see a wave of expectations. As shown in the chart above, the one-hour chart of BTC indicates that the triangular fluctuation is about to reach its end. It is expected that in the next three trading days, there will be a directional choice, which means a significant market movement! It is anticipated that after the price triangular fluctuation ends on Friday, Saturday, and the weekend, it will choose to continue to decline significantly. Price outlook: for spot trading, it is advisable to continue observing for now, while contracts need to wait for the end of the triangle, entering short positions in real-time during the day, with a stable plan to set up short positions on highs below 93,800! There is never the best price for contracts; the best price is one minute before the market explodes. There is no such thing as high or low; all prices that can quickly capture profits are the best prices! With significant fluctuations and rapid market changes, for more real-time price alerts and layouts, please pay attention to real-time alerts during the day! Stay calm and composed! If you find this helpful, please like and follow, and I will accompany you in the crypto space! The above analysis and predictions are merely the personal probabilistic predictions and judgments of the helmsman regarding the market; speculation carries risks, and caution is advised when entering the market! March 7, 2025, Crypto Helmsman

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