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BTC and ETH market analysis on March 6:

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Market review Yesterday, BTC rose slightly, the market gradually warmed up, and the daily line momentum improved. Pay attention to the blockchain summit held by SPECIAL on March 7, and pay attention to the fundamental news. It is expected to continue to rise during the day, pay attention to the resistance of 93500-94000 above. The long-term cycle expectation is still there, keep confidence. ETH followed BTC to rise synchronously, and the downward momentum at the daily line level has gradually decreased. It has successfully broken through 2250, and it can be followed up and accumulated at this position. Today's highlights: BTC: The 1-hour and 4-hour levels have returned to a healthy level, the daily line level has returned to a healthy level, and it is expected to consolidate during the day, and the long-term cycle expectation is still there. The support below during the day is 89000-90000, and the resistance above is 93500-94000. ETH: The 1-hour and 4-hour levels have returned to a healthy level, the daily line level is below the healthy level, and it is expected to consolidate during the day. The support below during the day is 2200-2250, and the resistance above is 2370-2420.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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