Hello everyone, today we will discuss recent events that have occurred in the cryptocurrency market.

After the White House presented the Senate with Kevin Warsh's candidacy for the position of Federal Reserve Chair, and the Senate was unable to make a decision to halt Trump's strike on Iran, Bitcoin reached its highest level since February 5, rising to $74 050k. The total market capitalization of cryptocurrencies rebounded above $2.538 trillion.

1️⃣ Does Warsh's nomination mean increased expectations of rate cuts?

Yes, it’s possible, as the markets perceived Kevin Warsh’s nomination as increasing the likelihood of monetary policy easing. Warsh, known for his flexible stance on inflation and past criticism of overly strict policies, may shift the Fed’s focus toward supporting economic growth amid geopolitical tensions around Iran. The Senate’s failure to vote on restricting Trump’s actions only heightened risk appetite, as investors expect the Fed to respond to the potential economic consequences of the conflict by lowering rates. Bitcoin’s rise to (050 — a classic reaction of risky assets to expectations of cheaper money.

2️⃣ At this level, would you hold, pursue growth, or prepare for a pullback?

Let’s consider the technical picture based on data from the chart:

· Price: )334 after touching $74 050(.
· EMA: price is above EMA5 ()70 295), EMA10 ($72 69 039), and EMA20 ((69 182), indicating a short-term uptrend. However, it is below EMA60 ($74 76 066) and EMA200 ()89 787) — the long-term trend remains bearish.
· Bollinger Bands: (20.2): price broke above the upper band — a classic sign of overbought conditions and a possible correction.
· KDJ: (9,3,3): K=77, D=67, J=96.3 — all values are in the overbought zone, which reinforces the signal for a pullback.
· RSI: (12,24): 57.6 and 54.0 — neutral, do not confirm extreme overbought conditions.
· MACD: bullish crossover, with the MACD line above the signal line, but the histogram may soon decrease.

Conclusion:
At the current level, the combination of technical factors — breaking above the Bollinger upper band, extreme KDJ values — indicates a high risk of a short-term correction. However, strong news background and bullish MACD still support buyers.

My strategy:

· If already in position: hold, but be sure to set a stop-loss slightly below EMA5 (around (300)) to protect profits. Consider partial take-profit at a retest of (000.
· If entering now: it’s better not to chase the price. Wait for a pullback to the support zone between 01500 and 0171,000, near the nearest EMAs and the lower boundary of the current range.
· Shorting: risky without confirmation of a reversal. A signal to open short positions could be a sustained move below 01500.