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Market Highlights (Last Night):
1. Trump Family’s ETF Application for Meme Tokens:
Rumors suggest the Trump family is applying for an ETF targeting meme tokens, including BONK.
BONK’s price movement has been volatile, showing a trend similar to BTC.
2. US SEC Forms a Cryptocurrency Task Force:
This development aligns with Trump’s earlier stance on the cryptocurrency sector, showcasing quick regulatory action.
While it was anticipated that regulatory processes might start six months into his tenure, the immediate action is boosting market confidence.
3. Trump Denies Direct Involvement in TRUMP Token Profits:
Trump states he’s not personally managing the profits of TRUMP token.
As a busy leader in his seventies, it’s reasonable that his team handles such matters, leaving him focused on results.
4. Trump’s Policy Moves:
Withdrawal from the WHO and a 25% tariff increase on Canada and Mexico signify his tough governance and fulfillment of campaign promises.
His actions reinforce his reputation for sticking to commitments, keeping markets optimistic about consistency and determination.
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BTC Analysis:
Support Levels:
100,000
98,150
97,150
No Immediate Pressure: BTC remains within the 105,000-108,000 range after falling and rebounding last night.
Focus: Monitor sustained momentum and consolidation within the current range.
ETH Analysis:
Support Levels:
3,215
3,100
Resistance: 3,486
ETH is consolidating near 3,340, a key level. Watch for gains or losses around this area.
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Trading Strategy:
Emphasize position management.
Be patient and wait for clear market trends to emerge.
Execute trades only under confirmed signals, adhering strictly to the plan.
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