On the morning of February 28, 2025. Wall Street is stirred again due to Trump's strong stance on tax increases. The S&P 500 index plummeted by 1.59%, and the tech-heavy Nasdaq fell sharply by 2.78%. The decline in U.S. stocks quickly linked to the crypto market, with Bitcoin swiftly dropping from its peak of $87,000 on February 27 to today's $79,000, while altcoins have suffered a massive sell-off. Currently, the fear index has reached 10, and it is estimated that tomorrow it will be in single digits. A rebound is not far off; an intraday oversold rebound is expected, and it may be appropriate to consider some incremental buying. The long-term outlook remains intact, so stay confident.
Hong Kong stocks are likely to adjust as well, following the decline in U.S. stocks; it won't be any better. Bitcoin's drop has exceeded my expected price level, and after a week of falling, there has yet to be a decent rebound.
Global stock markets are in a sharp decline, and Bitcoin is merely responding to this; do not panic, as the drop is just beyond expectations. Bitcoin will pull back close to the annual line, targeting the annual line at $74,000. It just fell to $79,000, which is very close. In the short term, it will continue to dip. Afterwards, it will oscillate around the $80,000 price range, exchanging time for space, ultimately forming a U-shaped reversal on the weekly chart.
From the previous rounds of bull markets, adjustments of around 30% have occurred close to Bitcoin's historical peaks. If we are to be cautious, the limit should be around $74,000. Currently, altcoins have already fallen very low, with some even below the levels seen in bear markets. I believe that if funds are available, one can buy mainstream coins in batches. The remaining capital can wait for the new public chains Sui and Sei to stabilize and rebound before re-entering to avoid black swan events. From my perspective, the bull market is far from over.
The external environment has not reached the point of a crash, so there is a high probability of a big bull market surge this year. Currently, Ethereum is underperforming, Bitcoin has risen too high, and Solana chain's altcoins are continuously falling. The market trend mainly depends on the performance of the new public chains Sui and Sei, as well as the decentralized new leader JUP. Sui, Sei, and JUP will likely rebound first and set new highs. Friends looking to capitalize on the rebound should closely monitor these three coins, as they may initiate at any time. This is the current viewpoint.
I am Old Jiu, having experienced multiple rounds of bull and bear markets, with rich market experience in various financial fields. Here, penetrate the fog of information to discover the real market. Seize more opportunities for wealth passwords, find truly valuable opportunities, and don't miss out regrettably!#美SEC：Meme币非证券 #美国加征关税 #币安盘前市场上线RED
