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March 6th Cryptocurrency Market Analysis
【Upward Trend, Preparing for a Surge】📈
Strategy: ✅ Strong today, wait until next week if weak ✅
1⃣ Market Overview 【BTC】 【ETH】 Current Key Support Levels:
【BTC】
Open Position: 69,700 pending order
Stop Loss: 67,127 closing price of the day
Take Profit: Requires 2 days of upward movement around 79,000
【ETH】
Open Position: 2,045, 2,010 pending orders
Stop Loss: 1,943 closing price of the day
Take Profit: Requires 2 days of upward movement around 2,500
2⃣ 【ETH & BTC】BTC experienced a grinding day yesterday,
Two possible scenarios:
1. Strong upward movement today, a bullish candle will start, then pause over Saturday and Sunday.
2. Continue to wait, avoiding a big drop is a win; grind through Saturday and Sunday, and possibly move on Monday.
Regardless of the scenario, set good stop losses, watch the daily closing price to avoid breaking key levels, as there’s a chance of a spike, but as long as the closing price stays above, the upward trend remains intact.
If this helps you, please give Brother Qiang a like 👍 + follow.
All opinions are personal views only.
Not investment advice. DYOR‼️