Bloody February II
2025-02-03
Category: None

Follow-up to my last post: BTC has dropped by 10% and is now testing a crucial support level at $90k. If this level fails to hold, my initial technical analysis (TA) suggests a potential move down to fill the CME gap near $78k–$80k. A breakdown here could lead to a 20% decline in BTC. However, if support holds, we might see a short-term retracement upward.  

Fundamentally, Trump’s proposed tariffs could be a catalyst for this recent pullback. Despite short-term uncertainty, my long-term bias remains bullish heading into Q3–Q4 2025, though Q1–Q2 may see consolidation or retracement.  

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