Yesterday, the special general's early morning statement triggered a significant market rebound, with a calming sentiment expected. However, the market did not show further progress after the statement. Fortunately, all target levels were reached. Next, it depends on whether the intraday consolidation can meet expectations and whether there will be new upward attack opportunities.
BTC: The night session tested the 69,000-71,400 range, performing well. It failed to stabilize above the lower boundary of 69,000. Intraday support is at the 67,150-67,665 range. Breaking below 67,150 should raise caution for a trend change. As long as this area isn't broken, low buying to add positions can be attempted, with the defensive level at 67,150. If you didn't participate near 69,000 last night, it's not ideal to add positions now. If a rebound to 69,000 fails again, you can consider adding on dips. (See chart for details) $BTC $ETH ETH: The night session tried again at the 2,038-2,075 range, just a step away from the 2,100 psychological level. Those familiar with MISHEN know the first major resistance zone is between 2,100-2,170, with the ultimate target at 2,197-2,274. The support level is around 1,988. The critical level at 1,965 remains effective. Intraday, you can add positions near support, using the critical level as a defense. Consider looking for signals within the 2,038-2,075 range for potential resistance. (See chart for details)
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March 3rd BTC/ETH MISHEN Strategy
Yesterday, the special general's early morning statement triggered a significant market rebound, with a calming sentiment expected. However, the market did not show further progress after the statement. Fortunately, all target levels were reached. Next, it depends on whether the intraday consolidation can meet expectations and whether there will be new upward attack opportunities.
BTC: The night session tested the 69,000-71,400 range, performing well. It failed to stabilize above the lower boundary of 69,000. Intraday support is at the 67,150-67,665 range. Breaking below 67,150 should raise caution for a trend change. As long as this area isn't broken, low buying to add positions can be attempted, with the defensive level at 67,150. If you didn't participate near 69,000 last night, it's not ideal to add positions now. If a rebound to 69,000 fails again, you can consider adding on dips. (See chart for details)
$BTC $ETH
ETH: The night session tried again at the 2,038-2,075 range, just a step away from the 2,100 psychological level. Those familiar with MISHEN know the first major resistance zone is between 2,100-2,170, with the ultimate target at 2,197-2,274. The support level is around 1,988. The critical level at 1,965 remains effective. Intraday, you can add positions near support, using the critical level as a defense. Consider looking for signals within the 2,038-2,075 range for potential resistance. (See chart for details)