Blockchain

Market Analysis on March 5th Early Morning:

The market experienced significant fluctuations that day. After a period of consolidation in the afternoon, prices slightly retraced during the evening trading session, followed by a swift rebound from the bulls, pushing prices up to a peak of 84977. However, the bears quickly launched a strong and sustained counterattack, causing prices to plummet to a low of 81500. In the early morning hours, the market rebounded strongly again, approaching 85500.

From a technical analysis perspective, the MACD four-hour chart shows an upward opening trend, indicating a possibility for further price increases, although the early morning period may exhibit a pattern of rising followed by falling. Overall, it is recommended to adopt a high short strategy and respond cautiously to market fluctuations.

Trading Suggestions:

Bitcoin: Short at the 86000-86500 range, target at 82500-83500 range.

Ethereum: Short at the 2140-2170 range, target at 2010-2050 range.

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