Analyst Chen Shu: Yesterday's Bitcoin and Ethereum strategies yielded profits. We expect continued consolidation today. Last night's analysis suggested buying Bitcoin at 6.55 and Ethereum at 1930. The price retraced to these entry points, successfully generating a profit of 1500/50 points. Congratulations to those who followed! Looking at the daily chart for Bitcoin, yesterday's close was a small bearish candle, with the price oscillating around the MA5/10-day moving averages. The short-term resistance level remains the MA30 at 6.85. On the 4-hour chart, the short-term resistance level is the MA120 at 6.7. A break and hold above 6.7 would suggest a continuation of the upward rebound; otherwise, continued consolidation is expected. Therefore, we recommend treating this as a range-bound market for now. From the daily chart, Ethereum's price rebounded again yesterday, testing the 30-day moving average (MA30) around $2020. In the short term, attention should be paid to whether it can hold above $2000. On the 1-hour chart, the price has consistently failed to break through and hold above the 256-day moving average (MA256), suggesting a further weak pullback in the short term. The recommended strategy is to focus on selling on rallies. Midday trading strategy (written at 15:10):
Analyst Chen Shu: Yesterday's strategy for Bitcoin and Ethereum yielded profits; we expect continued consolidation and adjustment today.
2026-03-02 07:16:06
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