3.1 Midday Market Analysis. As of 11:00 on March 1st, BTC experienced a sharp decline followed by a rebound within the 62,980–68,000 USD range, currently trading around 67,500 USD.
Market: Early morning dipped near 63,000 USD, then rebounded over 6% in the afternoon. In the past 24 hours, 149,000 traders were liquidated, totaling $570 million, with the Fear & Greed Index still indicating extreme fear.
Reasons for the rally: Middle Eastern geopolitical tensions, short covering, combined with oversold recovery.
BTC Trading Advice: Short near 68,000, stop loss at 69,000, take profit at 67,000–64,500.
ETH Trading Advice: Short near 2,050, stop loss at 2,080, take profit at 2,010–1,950.
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3.1 Midday Market Analysis. As of 11:00 on March 1st, BTC experienced a sharp decline followed by a rebound within the 62,980–68,000 USD range, currently trading around 67,500 USD.
Market: Early morning dipped near 63,000 USD, then rebounded over 6% in the afternoon. In the past 24 hours, 149,000 traders were liquidated, totaling $570 million, with the Fear & Greed Index still indicating extreme fear.
Reasons for the rally: Middle Eastern geopolitical tensions, short covering, combined with oversold recovery.
BTC Trading Advice: Short near 68,000, stop loss at 69,000, take profit at 67,000–64,500.
ETH Trading Advice: Short near 2,050, stop loss at 2,080, take profit at 2,010–1,950.