3.5 Thursday Mu Feng Afternoon Market Analysis


U.S. stocks are strongly recovering, risk asset investment sentiment is slightly warming, Bitcoin opened the European session with a strong rally, and the bulls continue to exert effort.
Bitcoin surged to the 74,000 level, faced resistance and pulled back. Yesterday, it experienced a violent surge of nearly 7,000 points, with a short-term increase skyrocketing.
Currently, a pullback of 2,000-3,000 points is a normal correction and does not indicate a trend reversal. The bulls are gathering strength.

Mu Feng's Advice
Buy near 71,400-72,000 for Bitcoin, targets: 74,000, 75,800

Buy near 2,100-2,050 for Ethereum, targets: 2,200, 2,280
BTC-1,64%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin