Market Analysis on March 7, 2025

Bitcoin Daily

Resistance Level: around 93000

Support Level: around 88000

Yesterday, Bitcoin rebounded to around 92810 at its highest point and retraced to around 87836 at its lowest, with fluctuations exceeding 5%. The resistance level we provided yesterday was around 92800, and when the highest point touched the lifeline, it began to pull back, which aligns with our expectations. Recently, the market has been quite volatile, still oscillating up and down. Today's resistance level is still set at the lifeline around 93000, with the support level set at around 88000. Everyone needs to pay special attention to the first cryptocurrency meeting held at the White House tonight; there may be significant fluctuations before and after the meeting, and a sudden drop during the day is not ruled out. From a technical analysis perspective, the daily MACD has formed a golden cross. The trading strategy can be to buy on dips, and when it reaches the support level, one can go long. Position sizes must be managed carefully; don't take on too large a position. Remember to take profits when available, and I wish everyone a happy Friday.

Ethereum Daily

Resistance Level: around 2370

Support Level: around 2150

Yesterday, Ethereum rebounded to around 2319 at its highest point and retraced to around 2176 at its lowest, with fluctuations exceeding 6%. The rebound strength of Ethereum yesterday was relatively weak and did not meet our expectations. This morning, it started to fall by nearly 5%, directly breaking below the provided support level of around 2150. Today's market could be quite volatile; position sizes must be managed carefully and should not be too large. Additionally, Ethereum is quite unpredictable, and the results of the meeting are still unknown. Each time Ethereum retraces, it presents a buying opportunity. Remember to take profits when available, and I wish everyone a happy Friday.

The above information is for reference only and does not constitute investment advice.