Otaku π© π΅ βοΈ π
@animeworld
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White House Crypto Summit β Friday, March 7th
This last drop looks like a bear trapβTarif news was already priced in, yet we saw another flush into support and right before a major event: Trumpβs Crypto Summit on Friday, March 7th.
This event is going to be hosted by Trump & David Sacks, with key founders, CEOs, and regulators attending, the focus will be on regulatory clarity, a national crypto strategy, and potential tax incentives.
There's a possibility for 0% capital gains tax on U.S.-issued cryptos. If that happens, U.S.-based projects could benefit massively in the short-term.
Thatβs why I've added some more altcoins:
$NEAR (U.S.-linked, scalable blockchain. Good TA setup as shared before)
$RENDER (AI + 3D rendering, strong U.S. presence. Also at major support)
$DAG (govt ties, potential sleeper hit. Very strong TA setup. Low exposure since it's a low cap)
And also added some more $ENA, $SOL...
If this plays out, we could see another aggressive short squeeze. Letβs see what happens. 2 replies
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GM!
Quick recap for the rest of the week:
-Today, February 26, 2025:
NVIDIA Earnings (Q4 FY2025) β After market close
-Tomorrow, February 27, 2025:
Digital Assets Week β Hong Kong
US GDP Growth Rate (Q4, 2nd Estimate)
ECB Monetary Policy Meeting Accounts
US Initial Jobless Claims
-Friday, February 28, 2025:
US PCE Price Index
My thoughts:
After a strong correction in the past few days, the market seems to have found a solid demand zone, and everything looks good for a bounce (dead cat bounce). $BTC could reach 97k-100k, and $ETH might hit 3k. Altcoins could bounce 10%-30%.
The trigger for this could be, apart from technical analysis, NVIDIAβs earnings today, which are expected to report record-breaking numbers
Another key event will be the US PCE Price Index on Friday. Powell mentioned that the Fed would be paying close attention to this data to adjust current policies. If we see a bounce before that, a lower high could form around those dates.
Iβll keep you updated. 0 reply
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When I talk about a 20%-40% drop, Iβm referring to an average scenario. Hereβs the breakdown:
-BTC usually drops the least. In this case, it might see around 15%-20% (targeting $80kβ$85k), though Iβm not ruling out a lower wick.
-Altcoins could drop 20%-40%, with stronger ones correcting around 20%-30% and weaker ones around 30%-40%.
-Memecoins, once again, might be the most affected in this second shakeout, potentially dropping 50%-60%.
And yes, nobody wants this scenario, but itβs not about what we wantβitβs about what the market gives us. Adaptation is key.
In any case, let's see how it plays out.
Stay safe and enjoy the weekend! 1 reply
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