Retweet Track real-time hot topics in the currency circle, seize the best trading opportunities. Today is Thursday, March 6, 2025. I am Wang Yi Bo! Good morning, coin friends ☀ hardcore fan check-in 👍 like and make a fortune 🍗🍗🌹🌹

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Overnight, the three major U.S. stock indexes collectively closed higher, with the Dow rising by 1.14%, the Nasdaq by 1.46%, and the S&P 500 by 1.12%. Large-cap tech stocks rose across the board, with Microsoft up over 3%, Tesla, Amazon, Meta, and Broadcom up over 2%. Cryptocurrencies, airlines, precious metals, and mining sectors led the gains, with Strategy up over 12%, Heckler & Koch up over 7%, JetBlue Airways up over 6%, American Airlines, Southern Copper up over 5%, and C-base up over 4%. The oil and natural gas sectors trended lower, with Marathon Oil down over 5%, Western Petroleum down over 2%, ConocoPhillips, Exxon Mobil down nearly 2%. The broader market and some altcoins saw varying degrees of rebound!
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During the late trading session, Bitcoin once tested the bottom at the 87550 level, then quickly rebounded to 91000, showing strong resilience and bullish momentum. From a short-term technical chart analysis, it presents a clear upward consolidation pattern. In the 4-hour candlestick chart, Bitcoin bottomed out and rebounded from the previous stage low of 81500, despite some pullbacks during the process, the bulls have firmly controlled the situation, continuously regaining lost ground, and the price is now steadily above the middle band of the Bollinger Bands. Various technical indicators in the accompanying charts, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), all show a typical bullish divergence trend, indicating that there is still potential for upward momentum in the short term. However, it is worth noting that the Bollinger Bands are currently in a sideways consolidation phase, with the candlesticks oscillating around the middle band near 88000, and the 91000-92200 range above forming a significant resistance level. Overall, Bitcoin's price fluctuates within a wide range, with both bulls and bears in a stalemate, without a substantial breakthrough. In this range-bound pattern, investors may consider adopting a range trading strategy to seize price fluctuation opportunities. Given the limited market volatility expected during the day, the non-farm payroll data to be released on Friday may become a key variable to break the current market deadlock. Investors can formulate refined intraday trading strategies based on the clearly defined short-term resistance and support levels.
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After Ethereum surged from the low point of 2160 in the early morning to the high point of 2250, it is currently in a phase of price correction. Although the price has rebounded, the overall rebound is relatively limited, and the bulls are constantly facing a certain degree of resistance during the upward exploration process. From the 4-hour candlestick chart, the bulls have continuously formed bullish candles, showing a steady upward trend, but have not successfully broken through the key resistance level above. The Bollinger Bands moving average system shows signs of opening upwards, indicating that bullish market strength is gradually accumulating. On the hourly chart, the bulls steadily push up the price in a fragmented manner, with continuous bullish momentum, and there is no significant pullback after the high, indicating that the current market is in a strong consolidation phase. From a short-term perspective, after a moderate correction, the Ethereum market is expected to continue its strong trend, with a high probability of further upside.