March 5, Wednesday morning Bitcoin and Ethereum market analysis:
In this trading week, Bitcoin's daily trend continues to decline, with the lowest price approaching the 82,200 area, which aligns with my expected long entry price range. The key price level of 83,000 has been mentioned multiple times over the past four weeks.
This week, it is expected that the bulls will launch a counterattack today and tomorrow. First, focus on the price range of 89,000 to 90,000, treating 92,000 to 93,000 as a potential limit. Regardless of whether the monthly line in February can rebound to 90,000 points, the market in early March is also expected to rebound, testing the key area of the top and bottom conversion in the 90,000 to 93,000 range. Therefore, it is currently not recommended for investors to chase!
Trading suggestions:
Buy Bitcoin near 87,500-88,500 Target 90,000
Buy Ethereum near 2,150-2,200 Target 2,260
