March 1 BTC/ETH US Market Strategy


Geopolitical emergencies have caused panic in market sentiment, but from a technical perspective, we can see today's correction level. The speed, however, is faster than I expected. But there's no need to worry about the future, nor regret the past; the present is what matters most.

Bitcoin: The intraday correction was quite deep, reaching the February 24 activation zone of 62,889-63,464. Currently, it has returned to the 64,135-65,377 range. This is close to the starting point of the US-Iran conflict. The night session will also test the resistance of this area. Those who remain skeptical and believe the situation may worsen can try to add positions here. For Dodo, also keep an eye on whether it can recover 66,300; if not, there's no need to be overly ambitious about entering on a dip. There are many opportunities. (See the chart for details)
$ETH $BTC
Ethereum: The previous tweet mentioned the 1825-1875 range. Fortunately, support was found here, and it has now returned near 1912. The weekend target is to recover the 1912-1941 range, which is also the starting point of the US-Iran conflict. The critical level at 1965 remains unchanged. Above that, there is minor resistance at 2000-2015, medium resistance at 2038-2075, and major resistance at 2100-2171. Nothing has changed there. For short-term trading, look for signals within the 1912-1941 range to try to participate. If it recovers above 1965, consider exiting high positions. For Dodo, approaching resistance makes it less ideal to enter; it’s better to wait for a breakout or a pullback to confirm a good entry point. (See the key level chart for details)
ETH0,46%
BTC0,64%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)