On 25/03/06, the first encryption summit at the White House is coming, and BTC is temporarily driven by the news, and the short-term downward trend has not changed.

The first encryption currency summit at the White House, from 2:30 to 6:30 a.m. on Saturday, March 8, 2025 Beijing time, had a relatively large impact on the market in the past two days. The highest rebound in the market was 92810, and the temporary pullback was relatively low. The news drove the performance of BTC, but there has not been a breakthrough in some key pressures yet.
For such a significantly impactful news, if there is no substantial policy implementation, the market will fluctuate up and down. This wave may continue to rise to the 95000-98400 range.
US stocks opened lower, continuing the downtrend. After yesterday's rebound touched the uptrend line and continued to fall under pressure, it will test the support at the low point again. Each significant retracement in the US stock market is about 15, and I hope to see a rise in the big pie after a good adjustment. In fact, it is difficult to operate without clear direction for risk control.
BTC
The big cake is still within the convergence of the three levels in 4 hours. At present, it is relatively strong to attract buying emotions due to the encryption summit. Then we can pay attention to whether it will break through the convergence of the third level and the downtrend line of the daily line. If it breaks through 95000, there is a chance to go to below 98400, but if this meeting does not have substantial policy landing, be careful how the market goes down or comes down, or needs to go down for correction after the end.
The upward trend line of 1 hour is broken, and the US stock market opened lower and rebounded like a big pancake, but the US stock market rebounded at the previous low point, and followed the rebound like a big pancake. Pay more attention to the trend of the US stock market!
Support:
Pressure:
Counterfeit aspect:
Canary has submitted an S-1 application for its AXL ETF, optimizing token economics early on. After the Cobalt update, 98% of gas fees will be destroyed and 2% will be allocated to the community. At the end of February, the blockchain interoperability protocol Axelar (AXL) announced a partnership with the US fintech company Ripple.
Bitwise has submitted an S-1 file for its Aptos ETF, despite Aptos ranking 36th, its efficient and scalable technology has attracted institutional investors' interest, indicating that the market is paying attention to the new generation of blockchain. Technically, there is multiple bottom support, and there is a relatively large rebound space after not falling below.
King of understanding encryption project WLFI will include SUI in its strategic token reserve, Sui Network announced a partnership with the Trump encryption project WLFI. WLFI will include SUI in its strategic token reserve to support leading Web3 projects. WLFI and Sui have begun exploring product development opportunities.
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