Analyst Chen Shu: Bitcoin and Ethereum surged and then fell back on March 3rd. We expect them to continue to test support levels and treat this as a range-bound market.

Analyst Chen Shu: Bitcoin and Ethereum surged and then retreated, continuing to be watched for support levels. The market is expected to remain range-bound. Looking at the daily chart for Bitcoin, yesterday's small bullish candle failed to break through the 30-day moving average (MA30), and it has now closed bearish, reaching the 5/10-day moving average (MA5/MA10). Pay attention to whether this level holds. On the 4-hour chart, consecutive bearish candles suggest further downward movement today. A break below 6.65 would likely lead to continued declines, with support at the previous lows of 6.5/6.3. On the daily chart for Ethereum, it continues to be suppressed by the 30-day moving average (MA30) around 2000. If it cannot break and hold above $2000, the strategy remains to sell on rallies. On the 1-hour chart, watch the 256-day moving average (MA256) around 1950. Further declines are expected tonight, testing the 1900/1850 levels. Midday Trading Strategy (Written at 18:20): BTC: Short at 6.68, add to short position on a rebound to 6.8, target 6.55/6.4; Long at 6.35/6.25 for a 2000-point rebound. ETH: Short at 1960, add to short position on a rebound to 2000, target 1900/1860; Long at 1850/1800 for a 100-point rebound. Daily analysis strategies have a very high win rate! Analysis is not easy, so please give a free follow, save, like, and comment. Thank you! Welcome to leave comments below for discussion; I will reply to each one.