Market Analysis for March 8, 2025

Bitcoin Daily

Resistance Level: Around 89,000

Support Level: Around 84,000

Yesterday, Bitcoin's highest rebound reached around 91,238, and the lowest dipped to around 84,667, with fluctuations exceeding 7%. In the early hours of yesterday, there was not only the first cryptocurrency meeting at the White House but also the release of non-farm data, which was favorable. After a brief spike, it started to decline and correct. The specific discussions at the White House cryptocurrency meeting are still unclear. The large fluctuations yesterday were normal; the support level provided was broken, which was beyond expectations. Today is the weekend, so the market may not be very active. The resistance level is set around 89,000, and the support level is set around 84,000. Overall, Bitcoin will mainly fluctuate. On the weekly scale, pay attention to whether the closing price is above 85,000. Today, take a good rest as it’s the weekend; there's no need to keep staring at the market. Give yourself a break, make some good food to reward yourself, and remember to take profits when there are gains—don’t be greedy. Wishing everyone a pleasant weekend.

Ethereum Daily

Resistance Level: Around 2,260

Support Level: Around 2,000

Yesterday, Ethereum's highest rebound reached around 2,258, and the lowest dipped to around 2,101, with fluctuations also around 7%. Ethereum tends to exceed 5% with slight movements. From the Ethereum daily chart, the fast and slow lines are far from the zero axis; the farther they are, the higher the probability of a rebound. Of course, it won’t just spike up immediately; it will still mainly fluctuate and needs some time to adjust. Today is the weekend, so the market fluctuations may not be very significant, hence the resistance level is set around 2,260, and the support level is set around 2,000. The 2,000-2,100 range is also a significant support level. As long as this level is not broken, feel free to go long. Each time Ethereum corrects is an opportunity to go long. Remember to take profits when there are gains—don’t be greedy. You can also take a good rest today, wishing everyone a pleasant weekend.

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