The market is fluctuating
This morning, Trump signed an executive order to establish a strategic Bitcoin reserve, but there will be no additional active purchases of Bitcoin, and aside from assets obtained through asset forfeiture procedures, the government will not acquire other assets for this reserve. The government will not sell any Bitcoin deposited into the reserve.
As soon as this news broke, the market experienced a downturn. Last night's unemployment data was also bearish, contributing to another drop.
Today's outlook on the market remains predominantly bullish but cautious, with Bitcoin around 80,000 and Ethereum around 2,050. Let's take this gamble, what if we manage to catch the bottom? (Just a fantasy before liquidation), if Bitcoin breaks 93, hold onto it; Ethereum should be a gamble as well. Tonight, there will be a non-farm payroll data release, and there’s a summit at around 2:30 AM on the 8th. With plenty of news and significant volatility, everyone should definitely set stop-loss orders when trading in the next few days.
