Bitcoin has rebounded to $85,000, giving the market hope that a new bottom may have formed. However, this hope is facing difficulties as Bitcoin has not been able to set a higher high on the daily chart.

Data shows that with Bitcoin price falling to the 2025 low of $78,300, there was strong buying interest on Coinbase. However, it remains to be seen whether the bulls can provide enough buying pressure to sustain the current rally.

VX: TTZS6308

The most likely scenario for Bitcoin in the short term is to establish a trading range between $72,000 and $85,000 over the next few weeks.

Weak spot market demand and the impact of Trump's remarks

In addition to the lack of strong spot demand, based on the interpretation of Trump's weekend remarks, the weekend rally in Bitcoin may be negative. This is because traditional finance (tradfi) traders will use it to hedge against any remarks made by Trump before the futures market opens on Sunday.

29% Adjustment: The Best Buying Opportunity in the Bitcoin Bull Market?

Although Bitcoin prices will be volatile in the coming weeks, a 29% drop from the all-time high of $110,000 is not uncommon. A 30% adjustment is common in the Bitcoin bull market cycle. History also shows that these adjustments are often the best buying opportunities.

ETH

This week, Bybit was hacked for 491,000 ETH, although Bybit exchange has now fully replenished the stolen ETH through purchasing and redeeming, the purchasing power generated has not been reflected in the price, indicating that investors still have FUD sentiment towards ETH at this stage, as they will constantly face selling pressure from hackers. Moreover, the investigation report of the Bybit hack clearly stated that the reason for the theft was the vulnerability of the safe, and the exchange's infrastructure did not have any vulnerabilities, so the market has a lot of doubts about the safe technology, and most projects in the Ethereum ecosystem use the safe technology, so this poses a potential danger to the future security of most projects in the Ethereum ecosystem.

In addition, the Pectra upgrade of Ethereum will be launched on the test network this weekend, and according to previous practices, there will usually be a pump before the technical upgrade of the project, and a pullback after the favorable news is released, but the Pectra upgrade of Ethereum has not injected too much energy into the ETH price, so it is highly likely that the ETH price will decline after its landing.

SOL

This week, SOL followed the overall market and experienced a significant decline, mainly because the recent Meme coin craze has subsided, and Solana, as the public chain with the highest Meme coin returns, has also been subject to various FUD voices in the market, causing capital to start fleeing the Solana chain, with its TVL dropping from $12.1 billion to $7.3 billion, a 39.66% decline. Moreover, the liquidity pledge yield on the Solana chain has dropped from 10.29% to 7.26%, and the on-chain transaction volume has dropped from $35.5 billion to $2.4 billion, a 93.23% decline, indicating that the on-chain ecology of Solana is close to collapse.

In addition, SOL will face the unlocking of 11.2 million SOL on March 1, and these tokens are in the hands of institutions, whether this will form a sustained selling pressure remains to be seen, further exacerbating the panic sentiment of market investors towards SOL.