March 10th Bitcoin Ethereum Market Analysis
Currently, Bitcoin is still in the weak recovery phase after a mid-bear market decline. Yesterday, it rebounded from around $65,000, similar to last Wednesday: against the backdrop of a complete collapse in the Asia-Pacific stock markets, some safe-haven funds flowed in from the stock market, forming short-term support. The rebound volume has moderately increased, but it is far from reaching the previous peak of the decline, indicating that the willingness of outside incremental funds to enter is still weak; however, it should be made clear that this can still only be treated as a rebound, and there has been no sign of a trend reversal yet. Short-term short positions can pay attention to opportunities near $71,500.
Ethereum is slightly weaker than Bitcoin, but it may see a wave of acceleration before reaching a small peak, with a target level around $2,100.