Bitcoin (BTC) Market Analysis

Bitcoin touched the 86,200 support level yesterday before rebounding slightly to 88,500, where it faced resistance. The price then continued to decline and has now returned to the area above 87,000. The bullish sentiment has weakened within the day, and the market has once again entered a period of consolidation at higher levels.

On the daily chart, although the price rebounded yesterday, the subsequent supply was insufficient, and the trend did not stabilize and move upward. Currently, it has retreated again, with a rebound at the 87,000 level. If the price cannot sustain a breakout above yesterday’s high within the day, the consolidation is expected to continue for some time. On the short-term hourly chart, the Bollinger Bands are narrowing, and the price is currently trading above the middle band. The price is fluctuating within the 88,500–86,000 range, with short-term support at 86,000. For intraday trading, a strategy of selling high and buying low is recommended.

Market Sentiment and Future Outlook

The market sentiment is currently warming up, especially as Trump’s stance on tariffs becomes more ambiguous. At this stage, SOL’s popularity is returning, and the meme market is likely to surge again, as evidenced by the price increase of SOL.

The future trend of Bitcoin will largely depend on Trump’s policy direction:

• If Trump’s policies become more moderate, with tariffs not being too severe (most countries having lower tariffs and only a few with higher ones), and other countries do not retaliate strongly, the market sentiment will stabilize. If the March inflation (CPI) is not high, the darkest moment for the market will pass, and both US stocks and BTC will gradually recover.

• However, if Trump seriously escalates the tariff war, other countries retaliate, inflation soars, and the Federal Reserve is hesitant to cut interest rates, the market will experience significant volatility, and both US stocks and BTC may face a temporary decline.

Therefore, Trump represents the greatest uncertainty, and we need to be cautious about the fluctuations in his tariff policies. To guard against a potential sharp drop in US stocks dragging down BTC, it is wise to keep some cash on hand to buy low in extreme dip scenarios.

Three Potential Altcoins to Consider

1. ONDO

• Current Price: US$0.9396

• 24-hour Trading Volume: US$170,436,708

• 24-hour Price Change: +4.09%

• 7-day Price Change: +12.00%

• Circulating Supply: 3.16 billion ONDO

• Market Cap: US$2,964,263,062

Ondo is unlocking traditional finance with blockchain technology, offering a new way to play in DeFi. This innovative platform is bridging the gap between the crypto world and traditional finance with tokenization technology, allowing global investors to easily participate in real asset investments such as real estate—without physical ownership, at a low cost, and with high efficiency.

2. SHIB

• Current Price: US$0.00001498

• 24-hour Trading Volume: US$135,721

• 24-hour Price Change: +11.28%

• 7-day Price Change: +18.80%

• Market Cap: Data not available due to lack of supply report

SHIB has a strong fan base, and with numbers come power and increased demand. In the short term, there might be a pullback, but if the momentum continues, it could still rise. In the medium term, if more people start to accept SHIB, its status and value are likely to increase further.

3. WOO

• Current Price: US$0.09654

• 24-hour Trading Volume: US$13,724,266

• 24-hour Price Change: +2.82%

• 7-day Price Change: +12.36%

• Circulating Supply: 1.92 billion WOO

• Market Cap: US$185,341,499

WOO is revolutionizing the accuracy of real-time trading by integrating StorkOracle’s sub-second price information. This cutting-edge technology supports WOO X’s index pricing, ensuring that traders benefit from instant data and higher precision execution, making the market more efficient.