March 7th Cryptocurrency Market Analysis


【Direction Confirmed, Upward Trend】
Strategy: ✅ The market is relatively weak, prevent fake breaks ✅
1⃣ Major Market 【BTC】 【ETH】 Current Key Support Levels:
【BTC】
Open Position: Maintain long positions, strict stop-loss
Stop Loss: 67,127 USD closing price
Take Profit: 71,000 USD
【ETH】
Open Position: Maintain long positions, strict stop-loss
Stop Loss: 1,943 USD closing price
Take Profit: 2,065 USD
2⃣ 【ETH & BTC】 Recent market changes are quite frequent, non-farm payroll data adds more uncertainty, and the rate cut expectations are beginning to diminish.
1. Watch for the rebound candlestick at 71,000 points; if it rebounds within three days, it still shows strength.
2. Set stop-loss properly; if the closing price on March 7th falls below 67,700, exit the position and refrain from trading for now.
3. A breakdown below 65,000 in the short position indicates a trend change, turning bearish and continuing downward. For now, wait and see.
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All opinions are personal views only.
Not investment advice. DYRO‼️
BTC-3,64%
ETH-3,65%
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