Daily Market Analysis (03.01-03.03)
Summary:
1. Gold prices are expected to undergo significant corrections. After waiting for this weekly downtrend to complete, continue to build long positions.
2. The US stock market retraced back to the neckline on Friday, and the current risk is substantial, with a possibility of a waterfall decline at any time.
3. Overnight reverse repurchase (RRP) account balances are insufficient, coupled with this week's bond issuance demand, liquidity will face significant challenges.
4. There are currently no discussions in the market about tariff issues; everyone should pay attention to this.
5. Tip: The movement of SOL will always be a bit faster (as shown in the example).
6. Regarding last night's surge and the judgment of the market outlook.
7. From a larger perspective, the outlook remains bearish because the external market is not performing well, and the probability of a single risk asset moving independently is actually quite low.
Operations:
1. Holding short position $BTC , with a take profit at 59000. (You can also take profit at the weekly EMA60, around the 72700 level).
2. Currently holding no long positions for $SOL \$ETH , primarily focusing on short positions until Bitcoin enters the next range for consolidation.
Short-term:
1. Open a short position when Bitcoin's SOL 4H level entity breaks below 171.5, with Ethereum moving in sync. Use last night's/morning's high as a stop. Before this, maintain a wait-and-see approach until the inertia rise is complete.
2. Open a short position when SOL's 4H level entity breaks below 171.5, with a stop at 176. Before this, maintain a wait-and-see approach until the inertia rise is complete.
3. Around 9 PM, check the pre-market data for US stocks. If it opens high, you can set up shorts for the three major cryptocurrencies in advance at the current price.
4. The altcoin dollar-cost averaging plan is temporarily postponed this week, to be reconsidered next week, and prepare a long-term dollar-cost averaging plan lasting six months.
