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3.1 Bitcoin and Ethereum Trend Analysis and Trading Strategy!

2026-03-01 10:55:49
Shareshare
On the daily chart, Bitcoin tested the bottom of its trading range around 63,000 for the third time, forming a bullish candlestick with a lower shadow. The price action was largely in line with expectations, trading within the 71,000-63,000 range and experiencing two rounds of back-and-forth testing. Currently, it's trading below 68,000, with resistance levels at 68,000-70,000-71,000 and support at 66,000-63,000. Ethereum's daily chart is mirroring Bitcoin's, testing 1800 support for the third time and also trading within the 1800-2150 range. Current resistance levels are 2050-2150, and support levels are 1950-1920-1800. On the 4-hour chart, the consolidation and repair ranges for both Bitcoin and Ethereum after the oversold conditions remain clear: Bitcoin 71,500-62,500, Ethereum 2150-1800. Having tested support three times, the rebound is still some distance from the resistance levels; therefore, a buy-on-dips strategy is recommended. Yesterday's long positions successfully hit the profit target! Trading strategy: Bitcoin: Buy at 65800-66300, target 67500-69000, stop loss below 65000; Ethereum: Buy at 1940-1960, target 2000-2100, stop loss below 1900; Strategies are time-sensitive, please refer to the information on the homepage for specific real-time guidance!
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