Track real-time hotspots in the currency circle, seize the best trading opportunities. Today is March 5, 2025, Wednesday. I am Wang Yi Bo! Good morning to all friends in the currency circle ☀ Iron powder check-in 👍 Like and make a fortune 🍗🍗🌹🌹

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The three major U.S. stock indexes collectively fell overnight, with the Dow falling 1.55%, the Nasdaq falling 0.35%, and the S&P 500 falling 1.22%. Most large-cap tech stocks fell, with Tesla down more than 4%, Meta down more than 2%, Google up more than 2%, and Nvidia up nearly 2%. The defense aerospace, capital management, and banking sectors led the decline, with Delta Air Lines falling more than 6%, Deutsche Bank, JetBlue Airways, and Western Air Lines falling more than 5%, Blackstone, Apollo Global Management falling more than 4%, and JPMorgan Chase falling nearly 4%. Cryptocurrencies and solar energy led the gains, with Strategy up more than 9%, C-base, and GAN Technology up more than 3%. The cryptocurrency market first suppressed and then rebounded, with the overall market and some altcoins showing different degrees of rebound!
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Yesterday, Bitcoin's spot market continued to fluctuate, with its price falling into a sustained stalemate. Both long and short sides jockeyed back and forth, unwilling to give in to each other. However, with the opening of the U.S. stock market in the evening, the market situation suddenly changed. Bitcoin's price frequently staged dramatic fluctuations, resembling a thrilling roller coaster ride. After the market closed, the price once touched a high of 84900, but then quickly plummeted to 81423 as if in free fall. Amidst the uproar in the market, a piece of positive news acted like a thunderbolt out of the blue, stimulating a strong V-shaped reversal in Bitcoin's price, soaring all the way to the 88800 range, only to encounter strong resistance there. Upon closer examination of the short-term hourly chart, the fluctuation trajectory of Bitcoin's market is clear. Currently, the market has passed the stage of decline and entered a rebound rhythm, with prices continuously probing higher. In the short term, it is anticipated that prices will linger and recover at the current level, as the market needs time to balance the imbalance of long and short forces caused by the previous intense price fluctuations. It is worth noting that Bitcoin's price has successfully broken through the midline support level in the 4-hour chart. If the price can stand firm above 88000, it will undoubtedly serve as strong evidence of the continued strength of the bullish forces. At that time, the price is expected to launch an assault towards the resistance level of 90000.
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Ethereum's performance is also impressive. After breaking through the 2000 mark, the price dipped to a low of 1989, then quickly started the rebound journey, aiming directly at the 2200 mark. However, there are significant resistance levels above the current price. The market has always been volatile, with ups and downs being a healthy ecosystem. The current positive factors have been fully digested by the market, and the coin price is likely to show a gate-shaped pattern again. Looking back at the candlestick chart from the past two days, the bullish and bearish signals have been released. Although the overall trend is bearish, the rebound strength has significantly increased. The candlestick patterns are full, indicating that the tug-of-war in the future market will further intensify. Pay attention to the breakthrough of the resistance platform above and adjust your position according to the intraday situation!