Bitcoin's $90,000 support level is challenged again. Can Trump's encryption reserve plan help rebound?

Here is the English translation, with the specified terms retained and not translated: The favorable macroeconomic environment and the potential launch of the US strategic cryptocurrency reserve may help Bitcoin transform $90,000 into a support level. The Bitcoin price plummeted from $93,700 to $89,250 on March 3, wiping out half of the previous day's gains in just one hour. This drop may have triggered panic among traders, as S&P 500 futures fell 1% after China announced retaliatory measures against the US with an additional 10% import tariff. Despite the selloff, the chances of Bitcoin regaining the $90,000 support level remain strong. On March 2, US President Donald Trump stated that Bit and Ethereum will be key components of the US strategic digital asset reserve. Trump also hinted that more details will be revealed at the first government cryptocurrency summit on March 7. The main reason for the Bitcoin price drop on March 3 was the overly high expectations triggered by Trump's weekend post. Investors quickly realized the bureaucratic hurdles, including a lengthy approval process and the need for Congressional approval. Furthermore, the market remains uncertain whether the plan involves actual purchases of these cryptocurrencies. Nansen's chief research analyst Aurelie Barthere accurately predicted that Bitcoin's surge to $94,500 over the weekend was unsustainable. The 21% rebound from the $78,300 low on February 28 seemed exaggerated to some market participants, especially against the backdrop of the global tariff war and broader macroeconomic uncertainty. China's tariff retaliation may harm the US economy; the source of the crypto reserve funds remains uncertain China has vowed to retaliate against Trump's 10% tariff, targeting US export goods, including critical minerals like soybeans and rare earths. Economists believe this move could raise food and technology costs, disrupt supply chains, and reduce rural incomes, potentially shrinking the US GDP by 0.3% to 1.3%. Hedge fund manager Anthony Scaramucci warned that if the tensions escalate further, investors should prepare for economic pain. Lawyer James "MetaLawMan" Murphy, who focuses on crypto legal and business issues, pointed out on X platform that even if Congress quickly approves the strategic digital asset reserve, the key question remains the source of the funds. The most likely initial approval measure is a temporary suspension of government crypto asset sales - an action with limited impact on prices. Another concern for Bit traders comes from Michael Saylor's announcement on March 2 that Strategy (formerly MicroStrategy) did not issue new shares or increase its Bit holdings in the previous week, still holding 499,096 Bit. Despite the lack of prior indications, some traders had expected the company to "buy the dips". Crypto trader and analyst RunnerXBT expressed disappointment that Strategy purchased $2 billion worth of Bit at an average price of around $97,500, but remained inactive as Bit fell to the $80,000 range. His analysis also showed that Strategy's Bit purchases above $95,000 may have a negative impact on the market, as a similar previous operation only triggered a brief rebound. Despite the deteriorating sentiment among investors about the global economy, Bit is poised to regain the $90,000 support level, as Strategy is expected to continue accumulating Bit through its $42 billion debt and stock issuance plan. Michael Saylor has never shown an intent to time the market precisely when increasing the company's Bit holdings, indicating that the company may continue to buy regardless of the price level. As for the expectations around the strategic crypto reserve, the timeline remains uncertain, but the long-term impact on the Bit price is likely to be positive. Bit's original design was to thrive in an environment where investors perceive stock market valuations as high or potential real estate adjustments. Given these conditions, the probability of Bit breaking through $95,000 in the near future remains relatively high.