2025-03-05 13:05:46

#BTC The market has been in a consolidating and accumulating phase within a range on Wednesday, with a slight pullback in the morning. BTC touched a low point at 86328 and started to move in a volatile and upward trend. In the afternoon, long positions started to make a strong push, reaching a high point of 90897. ETH did not experience much of a pullback in the morning, touching a low point at 2153, and then entering a strong consolidation phase. In the afternoon, following the long positions from earlier, the trend was slow and steady, reaching a high point of 2272 before retracing. Lao Peng mentioned the long strategy multiple times on Wednesday morning and afternoon. The BTC long position at around 86400 set up in the morning was successfully closed in the afternoon, gaining 1800 points. The ETH long position set up near 2159 in the morning hit the stop loss precisely at 2250, gaining 91 points.

From the current market situation, the overall trend is strong. The daily chart shows a continuous upward trend, with a more clear one-sided movement. On the four-hour chart, the one-way upward momentum remains strong, with brief and limited pullbacks. Long positions have repeatedly broken short-term highs, and bullish candlesticks have seen a strong push with increasing volume, showing no signs of a peak. In the short term, there is rapid rise and slow adjustment, with a clear rhythm. On the hourly chart, yesterday's low point and strong support intertwine to form a ladder-like rise. After a slight pullback, long positions rapidly surge, and the future trend and rhythm are expected to continue. It is advisable to maintain a bullish view in the evening, and after forming a new high, prevent a high point pullback. It may be prudent to observe the market's movement first, and if the pullback is not significant, consider adding to long positions in line with the trend.
Operation suggestions:
Go long on BTC89000-89500 in the evening, with a target focus on 92000-93500.
ETH 2160-2180 can go long, target focus on 2300.
#BTC #ETH

BTC-1,27%

ETH0,53%

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