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Track the real-time hotspots in the currency circle, seize the best trading opportunities. Today is March 2, 2025, Sunday. I am Wang Yi Bo! Good morning, coin friends ☀ hardcore fan check-in 👍 like and get rich 🍗🍗🌹🌹
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The market on Saturday has already come to a close, with Bitcoin showing strong resilience near the key support level of 84000 without a substantial breakthrough. From a technical perspective, this situation heralds the arrival of a rebound market, with a clear structure of bottoming and rebounding at the daily level. In the daily chart, the long lower shadow below resembles a compass needle, highlighting the strong resistance of the bulls at this price level. Despite the price rise today being somewhat recaptured by the bears, it is worth noting that today is the weekend, with overall lower market activity leading to relatively small fluctuations. In the afternoon, Bitcoin price entered into a lengthy period of oscillation for several hours. After the oscillation, the price has once again started to stretch, successfully reaching the high end of the oscillation range, showing a typical V-shaped reversal trend, with the price retracing to near 86000. However, due to the impact of the weekend market closure, the bullish momentum is difficult to sustain, causing the intraday price to fall into a pattern of oscillation and retracement. It is noteworthy that the bearish momentum has quietly weakened during this process, with intense back-and-forth battles taking place around the 86000 level. From a comprehensive analysis of multiple technical levels, Bitcoin's overall trend is expected to lead the way in a round of rebound. Based on this, in the trading strategy at the beginning of next week, our first target level can be set at around 88000, while the second target level can look towards the 90000 mark. In today's morning trading strategy, it is advisable for investors to maintain a strategy of buying on pullbacks, closely monitor price movements, and seize trading opportunities.
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Regarding Ethereum, its rebound strength is significantly weaker compared to Bitcoin. During the white trading session, the Ethereum price rebounded to the 2279 level but encountered strong resistance, followed by a downward trend, touching the 2142 level before starting to rebound. The price rebounded to the highest point of 2234 and then fell back again, currently oscillating within the 2200 range. From the current market perspective, this belongs to the early rebound stage after a decline. From the perspective of the daily chart and the larger cycle, Ethereum is still in a market dominated by bears, and the rebound in smaller cycles has not yet successfully led to a resonance of bulls forming cycles. In addition, today and tomorrow happen to be the weekend, and the market liquidity will be somewhat affected, which may lead to a specific volatility range in the market during these two days. If the rebound in the smaller cycle fails to effectively break through the key resistance level, it is very likely to trigger a continuation of the bearish trend on the daily chart. Therefore, from a macro perspective, analyzing comprehensively, the market is still dominated by bears, and the current rebound is only a phase adjustment within the bearish trend. In terms of operational strategies, it is recommended that investors focus on point operations within the range, closely monitor price fluctuations, and control risks reasonably.#Has the Market Bottomed Out? #Join Honor Credits Draw & Win MacBook Air and Merch
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