Major Events in the Cryptocurrency World

1. Oil prices rise, inflation concerns intensify, and the US dollar strengthens, putting pressure on risk assets; BTC swings between "safe-haven narrative" and "risk asset pricing," with market focus shifting to liquidity and sentiment.
2. The US spot BTC ETF experienced a noticeable inflow on the previous trading day (market interprets this as institutional allocation during volatility), but prices still tend to spike and then retrace, indicating "fund inflow ≠ a one-sided trend."
3. On Wednesday (3/4), multiple data releases including ADP employment will be announced, which the market will use to calibrate interest rate expectations ahead of Friday’s non-farm payroll report; if the data is strong → the dollar/yields may rise again, potentially disrupting both the crypto market and gold.

Mainstream Asset Trend Analysis

Bitcoin is currently mainly experiencing "sharp rises followed by retracements and oscillation" driven by events. The key focus is whether it can hold above the 70,000 psychological level; critical support zones are at 67,000 / 65,000 (if 65,000 is lost, a second test is likely), with resistance at 70,000 (stability above this level is needed to open upward space). Short-term strategy: prefer range trading; continuation of ETF inflows would be more conducive to breaking through, otherwise, around 70k is more likely to see "false breakouts/retracements."

Ethereum mainly follows BTC and fluctuates around 2,000; high volatility but unstable trend. Key support is at 1,910–1,900, resistance at 2,000 / 2,050. Short-term strategy: avoid chasing highs and selling lows; consider adding longs near 1,900 with stop-loss, and if it breaks back above 2,000, reassess whether it can hold steady.

Gold (XAU) Market Logic: geopolitical risks provide a bottom support, but a strengthening dollar and cooling rate cut expectations could lead to significant retracement pressure. Recently, there has been a tug-of-war between "safe-haven buying vs. dollar/yields." Price reference: spot gold retreated to around 5,137/oz on the previous day; the market is also trading "rebalancing after high-level retracement." Short-term strategy: prefer high-level oscillation; if tonight’s ADP data is strong and pushes the dollar/yields higher, gold may retrace again; if geopolitical news escalates, the retracement could be quickly bought back.

Today’s Trading Strategy
Hold long positions; buy on dips $BTC ‌$ETH ‌$XAU