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March 1 BTC/ETH Market Strategy
Action is quick. The Iranian BOSS has fallen, signaling an end to the market. Funds started to rush in during the early trading session. Last night also indicated a buying opportunity. Those who followed the rhythm this wave should have captured a perfect swing.
Bitcoin: Currently, it has reached around 68,200, the level it failed to break through on February 27. The goal is not here; let's organize the next targets. The main range is between 69,000 and 71,400, with the ultimate target being the super range of 71,400 to 74,400. The price tested the support at 66,300 during the early session. Therefore, we still consider 66,300-67,150 as the intraday range support, watch for oscillation and shakeout in this area, and consider adding positions on dips. For a breakout, look for opportunities between 68,200 and 69,000. Breaking above 69,000 is a strong bullish signal; if it's time to exit, do so.
ETH: It has now reached the range of 2,035-2,075, which is also the level it failed to break through on the 27th. The next resistance levels are 2,100-2,170, with an ultimate target around 2,197-2,314. Pay attention to support near the 2,000 mark. After confirming a bounce off 1,940 during the early session, it surged. The 1,965 level remains a critical dividing line. As long as it does not fall below 1,965, the bullish trend remains dominant.