Forward tracking real-time hotspots in the currency circle, seizing the best trading opportunities. Today is Wednesday, March 5, 2025. I am Wang Yibo! Good morning, everyone. 👍 Like and make a fortune 🍗🍗🌹🌹


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Overnight, the three major U.S. stock indexes collectively fell, with the Dow down 1.55%, the Nasdaq down 0.35%, and the S&P 500 down 1.22%. Most large tech stocks fell, with Tesla down over 4%, Meta down over 2%, Google up over 2%, and Nvidia up nearly 2%. The defense aviation, capital management, and banking sectors led the decline, with Delta Air Lines down over 6%, Deutsche Bank, JetBlue Airways, and Southwest Airlines down over 5%, Blackstone, Apollo Global Management down over 4%, and JPMorgan Chase down nearly 4%. Cryptocurrencies and solar energy led the gains, with Strategy up over 9%, C-base, and Gan Technology up over 3%. The crypto market started weak and then rebounded, with the overall market and some altcoins showing varying degrees of recovery!
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Yesterday, Bitcoin continued to fluctuate in the white market, and its price fell into a continuous oscillation stalemate. Both long and short sides were in a back-and-forth situation, unwilling to give in. However, with the opening of the US stock market in the evening, the market situation suddenly changed. Bitcoin's price frequently staged dramatic fluctuations, resembling a roller coaster ride. After hours, the price once reached a high of 84900, then quickly plummeted to 81423 as if in free fall. Just when the market was in an uproar, a piece of good news was like a thunderbolt out of the blue, stimulating Bitcoin's price to a strong V-shaped reversal, soaring all the way to the 88800 range, only to encounter strong resistance there. Looking at the short-term hourly chart, the fluctuation trajectory of Bitcoin's market is clear. Currently, the market has passed the decline phase and entered a rebound rhythm, with prices continuously testing higher levels. In the short term, it is expected that prices will hover and recover at the current level, as the market needs time to stabilize the imbalance of long and short forces caused by the previous drastic price fluctuations. It is worth noting that Bitcoin's price has successfully broken through the middle support level in the 4-hour chart. If the price can stand firm above 88000, it will undoubtedly be a strong evidence of the continued bullish strength, and the coin price is expected to launch an attack towards the 90,000 resistance level.
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Ethereum's performance is also impressive. After breaking through the 2000 mark, the price dipped to a low of 1989, then quickly began its journey of rebound, aiming directly at the 2200 mark. However, there are significant resistance levels overhead. The market has always been characterized by ups and downs, and it is the presence of both that constitutes a healthy ecosystem. The current positive factors have been fully digested by the market, and there is a high probability that the coin price will once again present a gate-shaped pattern. Looking back at the candlestick chart from the past two days, the positive and negative pillars have released key signals. Despite the overall bearish trend, the rebound strength has significantly increased, and the positive and negative pillar pattern is full, indicating that the tug-of-war in the future market will further intensify. Pay attention to the breaking of the resistance platform above, and adjust the layout for long positions based on the intraday situation!
BTC0.74%
ETH1.59%
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