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March 2 Cryptocurrency Market Analysis
【Consolidation and Range Trading 💰 Buying the Dip and Selling the Rallies】
Strategy: ✅ is relatively weak, wait for a big bullish candle to appear ✅
1⃣ Market Overview 【BTC】 【ETH】 Current Key Support Levels:
【BTC】
Open Position: Around 65,500
Stop Loss: Bottom position at 62,463, if not broken, add a little to the position with a stop loss at 65,000
Take Profit: 69,500
【ETH】
Open Position: Around 1,950
Stop Loss: Bottom position at 1,796, if not broken, add a little to the position with a stop loss at 1,900
Take Profit: 2,112
2⃣ 【ETH & BTC】 Middle East conflict, missiles flying randomly or gold leading the rally, digital gold continues to decline
Playing the long side, stop loss must be set properly, the rest is up to the market. During consolidation, bullish candles may appear, and if there are too many bears, it could turn into a bull trend.
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Cryptocurrency markets are high-risk investments ⚠️
There could be huge losses or even total wipeout
All opinions are personal views only
Not to be taken as investment advice #DYOR