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Last night, U.S. stocks fell sharply again, and Bitcoin continued the trend of rising during the day and falling after the U.S. stock market opened, which seems to be the case again today, with Bitcoin facing pressure at the 84000 level.

In the short term, the market remains weak with high downside risks. Trump's tariff policy and trade war are the direct causes of market panic. However, from a medium to long-term perspective, I still have a bullish outlook on Bitcoin.

Currently, the cryptocurrency market is closely linked to U.S. stocks, and the movements of U.S. stocks are crucial. The greed and fear index, which measures the rise and fall of U.S. stocks, has dropped to a historical low this week, indicating extreme market panic. As the saying goes, "When others are fearful, I am greedy." Even in a bear market, there is a high probability of a rebound, so while it is difficult to say that U.S. stocks have bottomed out, a significant rebound may be imminent.

As U.S. stocks recover, the cryptocurrency market will rise as well!

It is expected that by the end of March or mid-April, Bitcoin will enter a new upward channel. Analysts at Standard Chartered Bank believe that the recent price correction of Bitcoin is not due to a worsening of the fundamentals, but rather a reflection of the overall sentiment in the global investment market.

Moreover, from a technical perspective, after Bitcoin fell to a new low of 76600, it is currently consolidating above 80000, within a range of 80000-84500. While U.S. stocks have hit new lows twice, Bitcoin has not made a new low, indicating that it is stronger compared to U.S. stocks.

Today, we will focus on Bitcoin's breakthrough at 84000. If it breaks through here, we can look towards the 86000-88000 range. However, if U.S. stocks decline again today, we cannot rule out the possibility of Bitcoin testing the 80000 support again. But reaching 80000 is also a position that requires bold buying!

Ethereum has also improved today. Although the increase is not large, at least it did not follow Bitcoin's decline. Today, consider adding positions at 1850-1830, with targets to look at gradually: first 1950, then breaking through 2000. Recently, this has been a pressure area, and spring will only come after a breakthrough.