March 2nd BTC/ETH US Market Strategy


In the post-conflict era, both the US and Iran will likely experience some friction, but the outcome has essentially been settled. From this perspective, we don't see any worse situations occurring unless external forces (like a big whale) intervene. After all, the US and Iran on the battlefield have already determined the winner and loser, and from a利益 perspective, there are no other players who should intervene. So there's no need to panic excessively; just pay attention to how both sides conclude the confrontation.
Bitcoin: After the event, Bitcoin's liquidity surged as funds rushed in, directly recovering from yesterday's conflict-induced plunge, even reaching near the consolidation platform from February 26. This platform experienced two days of consolidation without stabilization. Therefore, the initial pullback here today is normal, and consolidating chips could lead to higher targets. The range of 65377-65950 is the plunge zone caused by the US-Iran conflict. Ideally, if the bulls recover this area, it shouldn't be lost again, and it can serve as support. Resistance is at the 68000-69000 level. The first target upward is 69000-71400, and the second is 71400-74400. Support below is at 64135-65377; if this is broken again, it will invalidate the recovery, and more severe events may occur, leading to very pessimistic sentiment, possibly even breaking below 6K. In terms of operation, first confirm the trend, then enter based on my support and resistance levels (see chart for details).
Second Bitcoin: The low-entry position at 1875 given yesterday has been fully profitable. Tonight, a new entry at 1975 has been provided for additional positions. Although the point isn't high, Bitcoin's overall price is cheap, and a slight percentage increase can be quite profitable. Intraday, it also touched the 2038-2075 resistance zone, which I emphasized earlier. If it can't break through, it will test the support at 1940-1965. Since the night session approached 1965 and rebounded, but hasn't stabilized yet, if the market retests 1965 in the early hours, it may break below. In that case, I recommend buying at 1912-1941 for a good risk-reward ratio. If the bears push back again from 1872-1912, sentiment will turn very pessimistic. The downside space is quite large. Overall, in turbulent times, don't panic; use your emotions wisely and avoid being manipulated by them (see chart for details).$ETH
ETH1.97%
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