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March 4th Evening Bitcoin / Ethereum Market Update
Bitcoin ultimately experienced a surge, with the price breaking through 72,000. Currently, it is consolidating sideways. Since the price has broken the 70,000 level, we need to redefine the market direction moving forward.
Ethereum is also approaching the 2,100 level following Bitcoin, but there is obvious selling pressure above. The price needs to pull back before attempting to push higher. As long as it does not break 1,950, the current support levels can be maintained.
Personal suggestions:
Bitcoin can move north around 70,500-70,000, with a target of 72,500-73,000.
Ethereum can move north around 2,030-1,980, with a target of 2,120-2,150.
$BTC $ETH