The volatile market in February is still continuing in early March, and currently BTC and ETH are still above the trend line support. Due to the unexpected impact of the previous PCE data, everyone is no longer optimistic about the next CPI data. Inflation has slowed down and may even rebound. Expectations for a 50 basis point interest rate hike in March have increased significantly. Therefore, the market is in a pessimistic mood. It also directly led to the decline of US stocks. BTC has downside risks.

The current market is extremely unfriendly to contracts. Although the short-term bull trend has not changed for the time being, this one-step, three-turn-back approach will wear down the funds of short-term traders. At this stage, it is better to wait and see with a short position. Even for spot prices, it is recommended to use the signal on the right side as the entry indicator. The probability of being trapped on the left side is relatively high.