March 5th Evening Market Analysis

On the 4-hour chart, Bitcoin has broken through the 72,000 resistance level and is consolidating at a high position, with support seen at 71,000-70,500. Although the daily chart of Ethereum has not broken its support level, the 4-hour chart has already surpassed the previous high of 2150, which is a key trend turning point. Support is expected at 2000-2050. The trading strategy is to buy on pullbacks.

For Bitcoin, it is recommended to buy at 71,500-72,100, with a target of 73,000-75,000, and a stop loss below 70,000.

For Ethereum, it is recommended to buy at 2,100-2,070, with a target of 2,150-2,250, and a stop loss below 2,020.