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GM!
Quick recap for the rest of the week:
-Today, February 26, 2025:
NVIDIA Earnings (Q4 FY2025) – After market close
-Tomorrow, February 27, 2025:
Digital Assets Week – 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, NVIDIA’s 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.
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