The market correction has just begun! 20250302

CN
1 day ago

Good evening, brothers!

Woke up at 8 in the morning and went hiking nearby.

Because it was a south wind day, the ground was damp, which added a touch of mystery to the mountains.

Since it was a weekend morning, there were only a few people hiking, and the air was particularly fresh.

By the time I came down the mountain, it was just past nine, and more people started to appear for hiking.

Back home, I brewed some Phoenix Dan Cong tea, which was particularly refreshing.

The A market plummeted on Friday, but I believe this is the beginning of this round of correction.

What we need to do is still to choose investment-worthy targets and do well in high selling and low buying.

No matter how the market goes, we will enjoy life.

……

On January 20, Trump was inaugurated as President of the United States, and Bitcoin reached a historic high of $109,241 that day, regarded as the star asset of the "Trump trade."

However, in less than six weeks, the price plummeted by 28% to $78,226, with the cryptocurrency market's value evaporating by $1 trillion.

This dramatic change caught investors off guard, and market sentiment fell to a low.

BTC: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy.

On the daily level, the price continues to oscillate near the moving averages, and the price trend is weak.

In summary, the support level is 85,600, and the resistance level is 86,000.

ETH: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy, with a support level of 2,240 and a resistance level of 2,260.

LTC: The price continues to stay below the middle band of the Bollinger Bands, and the price trend is weak, with a support level of 110 and a resistance level of 130.

BCH: The price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy, with a support level of 300 and a resistance level of 330.

That's all for now, good night!

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