Cryptocurrency News

March 5th Hot Topics:

1. "Bitcoin Approaching Historical Highs" Ranks 14th on Baidu Hot Search
2. Ethereum's Market Value Jumps to 23rd in Global Mainstream Asset Market Value
3. Vitalik Buterin transfers 30 ETH to Railgun and cross-chains 100,000 USDC to Base
4. BlackRock applies to add Bitcoin ETF exposure to its Strategic Income Opportunities Fund
5. Tether Co-founder: Bitcoin could reach $300,000 at the peak of the next bull market

Trading Insights

1. Do not go long near the historical peak, as the risk is too high. (Similarly, do not short near the historical low)
2. Strictly follow the golden cross to enter and the death cross to exit. (Trading signals)
3. The importance of exit signals is greater than that of stop-loss exits.
4. Do not short within the golden cross range; do not go long within the death cross range. (Only enter the market after clear signals)
5. Stop-loss settings: initial stop-loss, breakeven stop-loss, trailing stop-loss
6. Take-profit settings: target profit-taking position, stop-loss to profit-taking ratio
7. Single candlestick: The shadow is twice as effective as the body; the longer the shadow, the stronger the opposite force. Reversal: Look at the upper shadow for a bullish candle, and the lower shadow for a bearish candle. Strengthening: Look at the lower shadow for a bullish candle, and the upper shadow for a bearish candle.
8. The importance of support and resistance levels is lower than that of the golden cross and death cross.
9. Absolutely do not chase after rising prices, chase after falling prices!
10. When there is a significant impact on the news, entry into the market should be prohibited.

Search for the public account: Big White Coin

BTC

Analysis

Bitcoin fell several times to near 63,300 yesterday but failed to break through. The market then rose all the way, reaching a high of 68,666 before falling back. Congratulations to friends who followed the low long strategy and gained 5,000 points in profit. Currently, the price is running near 66,480, forming ten consecutive upward candlesticks on the four-hour chart, followed by a ten-cross doji breaking the uptrend, leading to a small waterfall. The MACD bull gradually decreased in volume, and the fast line turned downward with a death cross sign. The price has now reached near the previous high, and the probability of a breakthrough is not high. There is a possibility of forming a bearish divergence structure. In the short term, do not chase after rising prices and wait for a second rebound. If it does not break the previous high, you can try to go short. On the daily chart, the MACD bull gradually increased in volume, and the two lines crossed upward. If it can stand firm at 64,000 this week, there is a high probability of breaking the historical high. Low long positions should continue to hold, and the strategy suggests focusing on buying on dips and selling on highs. Resistance above is at 68,200-69,000, and support below is at 64,000-63,000.

ETH

Analysis

Ethereum's trend is consistent with Bitcoin's, rising all the way and reaching a high of 3,736 before being resisted. Congratulations to friends who followed the recent low long strategy and gained nearly 300 points in profit. Currently, the price is running near 3,695. On the four-hour chart, the market has been continuously rising with consecutive bullish candlesticks, and the moving average lines are diverging upwards. The bulls are gradually increasing in volume, and the two lines have crossed upward, indicating a strong bullish trend. Although there may be a short-term stagnation, the retracement is not expected to be significant, and there is still a possibility of breaking through the resistance. Looking at the daily chart, the bullish trend has not changed, and although it is not as strong as Bitcoin, it is also breaking through overall. It is expected that the market will become stronger under the influence of news. The strategy remains to focus on buying on dips and selling on highs. Resistance above is at 3,770-3,900, and support below is at 3,600-3,460.

Disclaimer: The above content is for reference only and does not constitute specific operational advice, nor does it bear legal responsibility. The market situation changes rapidly, and the article has a certain lag. If there is anything you don't understand, feel free to consult.

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