Davide
@0xdavide
📈📣📉What announcements will there be on March 7th from Trump? How will the market react? Trump will host White House Crypto Summit on March 7th with CEO and famous people from the crypto industry. The reserve announcement a few days ago was basically a "non announcement" or a pre-announcement. The BTC strategic reserve was quite predictable (surprising was the inclusion of other assets). However, nothing was said in that announcement. Key points are missing: 1) When will the buys start? (DCA) 2) What are the quantities for each asset? 3) What will the buying pressure be? (how many BTC per week/month?) 4) How will the strategic reserve be managed? 5) Will it be a simple DCA over the years or will there be rebalancing?
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Davide
@0xdavide
Maybe some of these points will be clarified on March 7th. If the buys start in 1 year or 2 years, the market could dump. If the quantities are small, the same goes. If we don't get into specifics on March 7, I expect a dump here too. Quantities and approximate dates could make the market go up. This is the address ( 0xe4d31c2541a9ce596419879b1a46ffc7cd202c62 ) that went long 50x before the announcement and shorted the next day. Now it looks like it has emptied address. I advise not to anticipate or trade the news because there could be false movements (both upwards and downwards). Unfortunately this post-halving cycle is going like this: the market is influenced by whatever Trump says. March 7 could go up, then after 3 days he fires 5 employees at the White House (with an announcement on X) and ETH dumps.
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