Choosing more than hard work is an unchanging truth; reliability is the best proof of strength, no need for much talk, actions speak louder than words.
The market has indeed been favorable these past couple of days, buying on dips has been fruitful, continuous victories, there are reasons for loving Bitcoin, this profit is surely better than other coins
Quickly change your mindset, find the right rhythm, and consecutive victories will naturally follow. Unfortunately, the highest and lowest were not captured.
The recent trend of Bitcoin has been like a roller coaster. Since entering a downward channel last week, it once touched an annual low of $76,560, and market panic spread. However, in the past two days, bulls have launched a strong counterattack, with the rebound force not losing to the previous decline, directly reclaiming the $82,000 mark, showing strong recovery momentum. Although there was a slight pullback in the early morning today, this seems more like a technical adjustment during the upward trend. The short-term support in the range of $81,500-$82,300 is solid, and the overall trend remains within an upward channel.
From the market observation, the four-hour MACD indicator continues to show a golden cross, and RSI is operating above 50, indicating that bulls are in control. It is recommended to continue to rely on the support at $82,300 to set up long positions today, with an initial target to look at the resistance level of $84,500. If it breaks through, we can further look towards the $85,800-$86,000 area. It is important to note that there is short-term selling pressure near $84,500; if it faces resistance and falls back, one can consider light short positions, but the trend opportunity should still focus on buying low.
This morning, the cryptocurrency prices continued to trend downwards, with Bitcoin briefly falling below the critical support level of $86,700. However, after hitting the bottom, it quickly rebounded to recover its losses, indicating strong buying power below. The current price is fluctuating around $87,500, with intense market competition between bulls and bears, and a short-term continuation of the range consolidation pattern is likely. Technical analysis: - Bitcoin has formed short-term support near $87,500, the MACD indicator shows a bottom divergence signal, and there are clear signs of recovery in the oversold RSI region. The 200-day moving average at $86,000 and the March low form a double support zone, constituting an important defense line, with trading volume increasing compared to previous days, indicating enhanced buying interest. Favorable factors evolving: • The Trump administration is about to hold a cryptocurrency summit (March 7), and the market expects favorable policy releases. • Institutions like BlackRock are quietly increasing their holdings in Bitcoin mining stocks, and the Grayscale GBTC premium rate has narrowed to -18%. • The Hong Kong Securities and Futures Commission will release virtual asset compliance guidelines next week, boosting confidence in the Asia-Pacific market. Operational suggestions: ✅ Light long positions near $86,700, targeting $88,600 and $90,300
A friend asked me, "Teacher, why don't you trade other cryptocurrencies?" This question is very normal, as the cryptocurrency market is vast and dazzling, and people often wonder why I focus on mainstream coins while showing little interest in many other cryptocurrencies. Compared to contract trading, I have a unique preference for mainstream coins. Mainstream coins, such as Bitcoin and Ethereum, have withstood the test of the market and remained resilient through the severe fluctuations in the cryptocurrency market. Bitcoin, as the pioneer of cryptocurrencies, is known as "digital gold." Its decentralized nature and fixed supply make it a safe-haven asset in the eyes of global investors. Of course, this does not mean that other coins lack investment value. In my analysis work, I mainly focus on the trends of Bitcoin and Ethereum. I will continue to adhere to the analysis and investment of mainstream coins. In this unpredictable cryptocurrency market, I believe that focus and in-depth research are the keys to obtaining long-term returns.
Finally, I also hope that my experience and insights can help more investors find their own investment direction and avoid detours on the path of cryptocurrency investment.
In the evening, we need to see if the price can hold at this position. If, after the four-hour closing, the price still stays above the four-hour midline, then the bullish trend will continue, targeting 90300 and 92000; otherwise, a pullback will occur.
In terms of Ethereum, although it fell below the 2000 mark yesterday, it quickly rebounded and recovered, following a trend similar to Bitcoin. We won't elaborate too much; it's just that the price of Ethereum is not as high as Bitcoin, so the fluctuations will be a bit smaller. Today's key focus for Ethereum is whether it can stabilize at the 2200 position. If it stabilizes, we can look at 2260 and 2300.
In the past two days, the market has experienced a continuous decline, and the market atmosphere has become tense, causing investors to feel anxious. Relying on professional analysis and accurate judgment, we successfully achieved our previously set target, realizing a stable profit and marking a relatively satisfactory conclusion to this period of volatility.
By early morning, the price of Bitcoin reached the key support level of 81200, which acted like a solid defense line, resisting the pressure for further price declines. Today, we will focus on the critical level of 88000. This level is like an important checkpoint, and its outcome will significantly impact the subsequent trend of Bitcoin. If the price can successfully stabilize at 88000, it indicates strong bullish momentum, and the upward trend is likely to continue. We can aim for 90300, 92000