Market Analysis on March 6, 2025

Bitcoin Daily

Resistance level around 92800

Support level around 89000

Yesterday, Bitcoin rebounded to around 91000 at its highest and retraced to around 86330 at its lowest, with fluctuations exceeding 5%. The resistance level we provided yesterday was also around 91000, and the trend matched our expectations. The Bitcoin daily chart is showing a trend towards a golden cross. If it remains a golden cross after tomorrow's close, there may be a rebound trend. Particularly, there is news tomorrow about the White House holding its first cryptocurrency meeting. Today's resistance level is set around the lifeline of 92800, with the support level at around 89000. The trading strategy can be to buy on dips, always pay attention to the news. The technical analysis is bullish, so take profits when available. Wishing everyone a happy Thursday.

Ethereum Daily

Resistance level around 2380

Support level around 2150

Yesterday, Ethereum rebounded to around 2273 at its highest and retraced to around 2155 at its lowest, with fluctuations also exceeding 5%. The rebound force for Ethereum was relatively weak compared to Bitcoin. The Ethereum daily chart is also showing a trend towards a golden cross, indicating bullish sentiment for the future. Today's resistance level is set around 2380, with the support level at around 2150. Recently, there will definitely still be a volatile market. Remember to take profits when available and don't be greedy. Wishing everyone a happy Thursday.

The above information is for reference only and should not be considered as investment advice.