Track current hot topics in the world of cryptocurrencies, use the best opportunities for trading, today is March 1, 2025, Saturday, I am Van Yi-bo! GM, friends from the world of cryptocurrencies ☀️ hardcore fan noted👍 like and earn big money🍗🍗🌹🌹

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In the complex ecosystem of global financial markets, the American stock market showed a positive trend overnight. The three main indexes saw growth, the Dow Jones Industrial Average rose by 1.39%, the Nasdaq Composite Index went up by 1.63%, and the S&P 500 index also increased by 1.58%. Large technology companies generally posted positive results, with Tesla and Nvidia stocks rising by almost 4%, indicating a strong growth trend. However, the situation in the cryptocurrency market is characterized by a divergence between bulls and bears, resembling a runaway horse, with price movements heavily dependent on Trump's policies. Trump is once again waving tariff sticks, causing deep concerns about the future of the global economy in the market and leading to a continued decline in the cryptocurrency market since the beginning of this week. In just a week, Bitcoin prices began to fall below key psychological support levels at $90,000 and $80,000, with market sentiment reaching an extreme state of panic. After this wave of sharp decline, the market briefly felt some improvement, but this improvement was only temporary and disappeared in an instant. Despite various technical indicators, bearish momentum still firmly controls the overall market situation. Therefore, market corrections over the weekend, as well as the trend towards improving market sentiment, have been the focus of investors this week.
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After a long period of wide volatile trading at the initial stage of Bitcoin, it finally succumbed to pressure at the key support level of $100,000. Subsequently, prices plummeted sharply, showing a downward bias. Currently, the minimum price of Bitcoin is already $78,200. Such sudden price fluctuations are undoubtedly chaotic for the cryptocurrency market. Yesterday evening, Bitcoin quickly rebounded after reaching a minimum price level of $78,250 and started a strong rally. During the price divergence, Bitcoin touched the resistance level around $85,000 three times, but each time retreated due to pressure. It should be noted that it was precisely from this position that yesterday Bitcoin prices began to decline significantly. After a major correction of prices by several thousand points with further expansion of the V-shaped reverse overnight, along with gradual market structure correction, the range of price fluctuations also began to narrow. From a technical analysis perspective of the current situation, on the four-hour chart, Bitcoin prices show a positive trend with many candles, and currently prices are below the Bollinger Band's average. However, the bullish momentum at this stage seems to have slightly weakened and does not show enough strength for a higher breakthrough, and prices cannot effectively break upwards. This phenomenon deeply shows that the positive trend of Bitcoin prices currently more reflects the corrective behavior of technical indicators after the previous decline rather than a true bullish trend in the market. After such a significant drop, the market needs a considerable amount of time to recover. Considering the current market situation and technical analysis, it is expected that Bitcoin prices on this particular day will show volatile growth, but this increase will not be too significant. Overall, taking into account the minimum level, Bitcoin prices have already risen by almost 6000 points, accumulating a certain profitable position in the short term, and significant upward sales still largely limit the space for price increases.
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Ethereum prices are also fluctuating. Starting from the morning peak at $2313, they gradually fell to a minimum of $2070. In the evening, the Ethereum price recovered its decline, reaching a peak of $2254. However, after such a correctional rebound, there is a significant probability of further market decline. Given the current market situation, it will be difficult to completely change the weak trend without a constant and effective breakthrough of key resistance levels upwards. Therefore, although the market showed a certain level of rebound, the overall direction remains influenced by price declines. From a technical analysis on the hourly chart, it can be seen that the movement of Ethereum prices shows a positive trend, successfully breaking through the Bollinger Band's middle band. However, as prices continue to rise above the middle band, they clearly encounter resistance at the upper band, leading to a weakening bullish trend. Since bullish trends have previously encountered support levels during rebounds several times, this clearly confirms a noticeable market bias towards price declines. The overall assessment is that Ethereum is likely to remain down after this week's rebound and correction.