Good morning on March 8, 2025. Let’s briefly chat about the market over the weekend.
First of all, I wish all the female fans a happy holiday. Let your husbands perform well this weekend! All male fans, don’t forget to treat your partners romantically!
Recently, the market rhythm has changed rapidly, so fast that you may not have time to react before taking profit ends. Therefore, taking profit and stop loss must be set directly when opening a position, rather than waiting to execute it later. Watching the market closely can easily lead to missing opportunities because you cannot keep watching the market 24 hours a day, nor can you strictly execute a trading plan like a machine, after all, it can be capricious and changeable!
The White House summit is not as grand as imagined, it might just be a champagne party for a few supporters and political donors from Trump's crypto circle!
Currently, the crypto space is still somewhat unqualified in front of the U.S. GDP of about $30 trillion, and there are many castles in the air in this crypto market valuation. Current liquidity cannot be compared to traditional finance!
Therefore, it is understandable that Trump focuses on the U.S. economy, politics, and military. The crypto space has become a result of word games!
Trump's expectations are not on the same line as everyone else's. On the contrary, Trump may want to seize more capital in the crypto field every year. The market still needs to rely on its own development; relying on people will run away, relying on mountains will fall!
Since 2022, with the strong regulatory trend, there are very few truly good projects in the crypto space. As an old investor, many old coins before 2021 still left a deep impression, quite phenomenon-level. However, after 2023, I can hardly remember any, basically just a wave of hype after going online, and then I no longer pay attention and can’t remember!
The only ones that leave some impression are meme-related ones, which currently perform worse than junk!
It’s time for the crypto space to return to contributing to and developing the great web3, and not to be merely wrapped up in politics and capital, becoming a naked capital political victim!
Focus on BTC this weekend.
Support 78000
Resistance 89500/91800
The key point at this moment is 86000. If it can't hold, a volume drop will open up falling space! If 87150 cannot be regained, maintain short-term bearish pressure!
Focus on ETH.
Support 2060/2010-2030
Resistance set at 2212-2223
There is fundamentally no structure in operations, the only structure is the zero-cost profit chips left by the waves, which can be held for the long term!
Day trading, ignoring news, only relying on indicators. When the market is chaotic and news is scattered, the best approach is to ignore all noise and rely solely on indicators for operations!
