#特朗普数字资产峰会演讲 Big news is here, one statement from Trump caused Bitcoin to flash crash by $4,000! Why is that?
1. The market is collectively going crazy: treating politicians' words as sacred orders
These coin speculators have really lost their minds! They actually expect Trump to announce tax exemption for Bitcoin at the summit. In the end, this old man just shouted a couple of empty promises about 'America wanting to be the crypto leader', without even presenting a specific policy timeline. Some fools even fantasized that the government would treat Bitcoin as a strategic reserve, only to be slapped in the face by reality - Trump's only promise was not to touch the seized coins in the treasury, which has nothing to do with the market!
2. The perfect harvesting script of the dog traders
Pulling the market: Taking advantage of the Federal Reserve's announcement to slow down the balance sheet reduction on March 19, the price was pulled up to $87,453, causing leveraged traders to go wild. Precision demolition: Waiting for retail investors to rush in to take positions, the Trump team intentionally leaked news of a 'game-changing policy', but the speech was all nonsense. Targeted demolition: The price instantly dropped to $83,655, with over $1.2 billion in liquidations across the network within half an hour; this is exactly the setup that institutions have prepared for slaughter!
3. The Federal Reserve is the real daddy
Smart people have figured it out; the rise in March was not Trump's doing at all. Powell himself said he would cut interest rates twice and slow down the balance sheet reduction, which is real good news. Those being fooled by Trump don't understand - cryptocurrency is currently a puppet of US dollar liquidity; politicians' words mean nothing!
4. The technical aspect shows its fangs
The analyst named Kibar made a good point, Bitcoin's trend clearly needs to retrace to $73,700. The MACD on the daily chart is about to break through the screen with a death cross, and the RSI indicator has been hovering in the overbought zone for three days; if it doesn't drop by 20%, it would be against technical patterns. What's even scarier is that the CME futures gap is still hanging at $78,000, it's simply a ticking time bomb!
Those buying the dip now are just looking for death! Do you know why Trump suddenly changed his tune and started praising cryptocurrency? This guy received $18 million in political donations from the mining group during his 2024 campaign, and now he is just carrying the banner for his big donors. After the midterm elections in November, let's see if he still brings up the topic of 'crypto capital'!
Survival guide for true fans:
If it drops below $80,000, quickly close your long positions, don't go against the trend. Keep cash ready for a second bottom test; around $70,000 is the golden pit. Stay focused on the Federal Reserve's April meeting; it's a thousand times more reliable than listening to politicians blabber!
(Data sourced from Coinbase on-chain data/FOMC meeting minutes/CFTC position reports)