From a technical perspective, the $71,000-$73,000 range is a previous accumulation zone and also the liquidation range for most users.
Altcoins are unlikely to see strong rallies while BTC remains in a downtrend, but TOTAL3 could rise rapidly once BTC finds a bottom.
If BTC fails to break through the critical resistance zone between $93,000 and $97,000 by March 20, the longer it stays below this range, the higher the likelihood of an impulse wave to the downside.
As the crypto summit approaches, BTC may rally toward $93,000 in anticipation of further bullish developments. However, if the summit fails to meet market expectations, the $85,000-$87,000 range will serve as a strong support zone.
The rebound in US stocks, with the Nasdaq surging from -2% to a peak of 1.2%, drove BTC to rebound to $88,931. The key resistance level above is currently at $90,000–$91,000.
BTC has experienced sharp fluctuations in the short term, indicating that Trump can only influence BTC’s price movement in the short term but cannot change its long-term trend.
Continued attention should be given to the progress of BTC's strategic reserve. If BTC breaks and stabilizes above $93,877 (4-hour MA140), it would indicate a shift from bearish to bullish for right-side trading.
Meanwhile, after a continuous decline, Alts are showing relative resilience, with leading projects such as KAITO, IP, and PI continuing to squeeze shorts.
The market is paying close attention to the movement of altcoins going forward.
The key support level below is around the $81,000 mark, which is the midpoint of this rally. ETH and SOL are showing weak performance, with particular attention needed on SOL for a potential sharp rebound once the selling pressure ends.
Bitcoin remains highly volatile; if BTC stays above $90.5K, a breakout to the upside could happen by mid-March.
By reducing the complexity and removing intermediaries, DeFAI is paving the way for a more user-friendly experience in decentralized finance (DeFi).
The market focus could be on projects that previously saw significant pullbacks. BTC’s market dominance is 61.28%, and the market cap of TOTAL3 is $900 billion.
For a positive on-chain wealth effect, SOL needs to sustain its rebound. The current focus is on the trends of ETH, which indicate altcoin movements, and SOL, which is related to on-chain wealth effects.
After the intense selling pressure, Bitcoin began to rebound. Attention is now on whether it can stabilize around the $95,510 mark.
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