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3.5 Bitcoin and Ethereum Trend Analysis and Trading Strategy!

2026-03-05 13:45:51
Shareshare
On the daily chart, Bitcoin closed at 72,600. As previously mentioned, the price action was within a range of 71,000-63,000. The price has now broken out upwards, so based on the principle of support/resistance reversal, the previous resistance level of 71,000 has become support, with further resistance at 73,500-75,500. Ethereum's daily chart shows a similar movement to Bitcoin, but it closed at 2125, failing to break through the top resistance level of 2150. Current resistance is at 2200-2230, with support at 2050-2100. A break above 2230 would be necessary for a genuine bullish trend. On the 4-hour chart, Bitcoin has clearly broken above the high of its consolidation range at 72,000, with support at 71,000-70,500. While Ethereum hasn't broken out on the daily chart, the 4-hour chart shows a breakout high at 2150, which is the only remaining point of uncertainty. Further support is seen at 2000-2050. The recommended strategy is to buy on dips. Trading Strategy: Bitcoin: Buy at 71000-71500, target 73000-75000, stop loss below 70000; Ethereum: Buy at 2060-2090, target 2150-2250, stop loss below 2020; Strategies are time-sensitive, please refer to the homepage for details, and private real-time guidance shall prevail!
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