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Market Analysis for March 3rd
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$BT C currently shows an upward trend in the last 5 minutes, long positions should be closed as a structure has appeared at the top of the 5-minute chart and has now broken down. The 15-period moving average has crossed below the 60-period moving average, indicating that short positions should be prioritized near the major cycle moving averages, with proper risk control in place. Pay attention to whether it can trigger a downward decline!
In a long-term sideways market, it's necessary to lower target expectations!
SOL has rebounded to the left resistance point, at 154.5 with a difference of 0.03 USD, which is also a point worth trying to short.
After ETH broke through 2520, the price quickly reached 2580, peaking at 2619. The short position set at 2616 from last night has been filled, with a stop loss set at the original price, continuing to hold. There are also signs of a breakout on the 5-minute chart #BTC# .