Odaily Odaily News: Bitcoin and the broader cryptocurrency market have had an unstable start this year, affected by speculation that the window for further interest rate cuts by the Federal Reserve is about to close. Charlie Morris, chief investment officer of ByteTree Asset Management, said that it is meaningless to try to predict a turning point in the market before the market understands the true meaning of the Trump administration. Although it is foreseeable that the Trump administration will support cryptocurrencies, it cannot escape the fact that major financial markets are expensive and the technology industry is still vulnerable to pullbacks. Katie Stockton, technical analyst at Fairlead Strategies LLC, pointed out that Bitcoin is still in the "adjustment stage" at this stage, and market trends indicate that Bitcoin has the potential to test the "downward" support level of $87,500. (Bloomberg)