$BTC $ETH Midday Analysis: Released at 12:55 PM on March 5th

Last night, ETH heavily concentrated in US stocks after a wave of gains, then hit a dip down to 2188. Currently reducing positions and holding. The abnormal surge with volume in this wartime environment doesn’t quite match up. During extraordinary times, everyone must pay attention to risk barriers. All take-profit and stop-loss points here will be reviewed and analyzed. Learn to respect the market. Only through review and reflection can you become stronger. For fans who choose to trust me, I recommend studying my trading philosophy. I will periodically prepare course materials to provide everyone with benefit courses. If you like the host, follow us and observe whether it’s worth subscribing! Thank you all for your support!

Bitcoin and Ethereum have not been updated for about a week, mainly moving around the block range without reaching the bottom zone, so no updates. Today, I’ll share my thoughts. First, we see Bitcoin’s daily close at around 73,348, breaking through strongly and stabilizing above 71,200. This level is an important weekly turning point. If there’s no Black Friday this week, and it holds steady next week, the bullish trend may arrive early. In the next 1-2 days, Bitcoin will trade within a range. Focus on resistance at 73,989-77,636, and support at 70,497-67,446. The Asian session is expected to be relatively stable, with a slight pullback tonight mainly for long entries. Daily operation suggestions are to buy around 69,200-68,680 with a one-fold stop-loss.

Next, Ethereum’s daily close is at around 2,149. It’s following Bitcoin’s trend. The key is whether it can stay above 2,100 on the weekly level. Short-term support is near 2,040, and resistance at 2,305. In the next 1-2 days, refer to Ethereum’s operational zone: resistance at 2,196-2,330, support at 2,084-1,970. Tonight, expect a pullback. Operation suggestions are to buy around 2,018-1,983 with a one-fold stop-loss. For short positions, reference 2,180 as resistance, with a stop at 2,201.

Note: The suggested points and positions are for 1% of your capital. The article is time-sensitive; real-time guidance depends on the live room. These are personal opinions only for reference. Small account compound interest. Good luck to everyone!