White Sugar Today's Analysis—2025.3.1$BTC
Market Overview
As of February 28, 2025, the price of Bitcoin (BTC) is $80,244, with a 24-hour decline of 7.36%, showing a strong retracement trend. Meanwhile, Ethereum (ETH) is priced at $2,130.33, with a drop of up to 10.06%, putting overall pressure on the market.
Core Drivers of Market Decline
Macroeconomic and Policy Environment
The U.S. government has restarted tariff policies, increasing market uncertainty, leading to heightened risk-averse sentiment among investors and causing a pullback in the crypto market. The strengthening U.S. dollar index has also put pressure on Bitcoin. Additionally, the Federal Reserve's interest rate hike cycle has not yet ended, and market expectations for liquidity easing have decreased, further suppressing crypto assets.
Market Sentiment and On-chain Data
Recently, market expectations for regulatory easing have failed, resulting in insufficient investor confidence. On-chain data indicates that long-term holders are reducing their positions while short-term holders are panic selling, exacerbating market volatility. On the other hand, North Korean hacker groups are increasingly frequent in their cryptocurrency attacks, stealing large amounts of crypto assets through ransomware and cyberattacks, further increasing market uncertainty.
Technical Analysis
Bitcoin (BTC): The current price is near $80,000; if the support level of $73,800 is breached, it may further decline to $69,500. If market sentiment improves, the target price is $85,000.
Ethereum (ETH): After ETH broke below the support level of $2,200, it is expected to further drop to $1,900. There is strong buying support at $1,700; if it stabilizes, consider accumulating in batches.
Trading Strategy and Risk Management
I hold a cautiously optimistic view of the market, believing that if ETH retraces to around $1,700, it is a relatively robust buying opportunity. Bitcoin should pay attention to the support zone at $73,800. Given the high market volatility, it is advisable to set strict stop-loss levels, control risk, and patiently wait for the best entry opportunity.
Summary
The current market is influenced by multiple factors, including the macro economy, market sentiment, technical pullbacks, and cyberattacks. In the short term, the market may continue to oscillate while awaiting more macro guidance. I will focus on the $1,700 support for Ethereum and the $73,800 support level for Bitcoin, reasonably control positions, and conduct flexible operations.
