Bitcoin has recently shown a downward trend, with a highest point reached yesterday.
88,000 USD, but then retreated; currently in a short-term downward channel.
Today's market sentiment is bearish, with some technical indicators showing that the short-term moving averages are below the long-term moving averages, indicating that the market is still in an adjustment phase.
Impact of Trump's policies: The market's expectations regarding Trump's tariff exemption policy have influenced recent trends; if the policy becomes clear in mid-April, it may bring new direction.
ETF fund flow **: Recently, Bitcoin ETF has seen continuous net outflow; for example, a single-day net outflow of 1,238 BTC on March 4, indicating that some institutional investors are still reducing their positions.
If it cannot break through 93,000 USD, Bitcoin may continue to retreat to the range of 86,000-88,000.
If it falls below 86,000, it may further test the support level of 82,000.
Ethereum (ETH) market analysis
- Ethereum's price fell to 2,003.38 USD today, with a daily decline.
1.04%, trading volume 12.74 billion USD, selling pressure increased.
- The performance in Q1 2025 was poor, with a cumulative decline of 37.98%, marking the worst quarterly performance since 2018.
ETF fund outflow: Ethereum ETF has seen a continuous net outflow recently, with a single-day net outflow of 12,221 ETH on March 4, showing insufficient market confidence. *RWA (real-world assets) sector growth: Ethereum holds an 80% market share in the RWA field (with a total scale of $10.68 billion), which may provide support in the long term.
If it falls below 2,000 USD, it may further probe downwards; if market sentiment improves, the rebound target may be in the 2,100-2,200 USD range.
Both Bitcoin and Ethereum are facing adjustment pressure, with ETF fund outflows and macroeconomic uncertainties (such as Federal Reserve policies and Trump's tariff plans) being the main influencing factors.
In 2025, the market generally expects the bull market to continue, with Bitcoin potentially hitting 200,000 USD and Ethereum possibly experiencing a rebound.
Operation suggestions
Bitcoin: Focus on the resistance level of 93,000; if it breaks through, it can be considered bullish in the short term; otherwise, short on rallies.
Ethereum: Focus on the 2,000 USD support; if it falls below, consider shorting in the short term; if it rebounds above 2,100, consider taking profits.
Risk warning: eth8️⃣9️⃣8️⃣6️⃣
