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Market analysis on March 2, 2025
Hello everyone, I am Brother B, a figure in the cryptocurrency circle! Today, I will analyze the recent market crash for everyone. Are the bulls still here? How should we proceed? Should we set a stop-loss?
In February, there was a big crash in the market on the 28th. Bitcoin directly hit near 78000U, directly breaking through the bull-bear dividing line of 82000U! In theory, once the big cake breaks through the bull market of 82000U, it should be over, but is there still hope for 2025?
Fortunately, the market has been recovering in the past two days. Yesterday, it was around 86000U, and today, Bitcoin has risen to around 93500U. However, the overall situation has not yet recovered from the decline with increased volume and needle-like downward trend. It belongs to an oversold rebound trend, which still needs further observation! Fan Ge believes that the future price of the currency may continue to fall to around 73000U, which would actually be more reassuring to people at that level!
Why is this said, the big cake has been hovering around 100,000 U for a while, while mainstream and altcoins have been languishing at the bottom. If the big cake does not plummet and bring the price down, even if the big cake subsequently hits $150,000, the room for mainstream and altcoins to rise is actually not that large. If the big cake rises by 50% to around 150,000 U, can altcoins multiply by 5-10 times? This seems highly unlikely!
As the big cake falls to around 73,000, it will gather strength to supply up to around 120,000U-150,000U, and this space will be available, leaving room for mainstream coins and altcoins.
Brother Fan believes that the recent decline in the market will be more conducive to an upward trend in 2025. If there is no decline, the market in 2025 may be even worse. The decline is to gather strength, in order to make a better impact next time, and make it more powerful!
In fact, most people hold mainstream coins and altcoins. Many coins are already at the bottom of the valley. The sharp drop in Bitcoin did not bring about a sharp drop in altcoins, because altcoins had already fallen to the bottom of the valley in advance. It is not wise to panic sell the spot chips in hand at this time, it is better to wait for opportunities!
Brother Fan has always been in spot trading in this bull market and has not opened any contracts, so friends in spot trading do not need to panic in the upcoming market! Just continue to hold!