$BTC 3.5 Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions Although the current market faces resistance at the upper band, deeper structural analysis indicates that this is more like a preparatory consolidation before a breakout rather than a trend reversal. While the price has pulled back after touching the upper Bollinger Band, appearing to encounter resistance above, we believe this is mainly a necessary shakeout before the market initiates a move. True strong resistance should be easily broken, and the current repeated tug-of-war between bulls and bears actually shows that the bulls are digesting supply and accumulating strength for a subsequent breakout. From the channel structure perspective, the Bollinger Bands have not expanded with the price decline; instead, they are showing signs of contraction. This usually indicates that the market is not entering a downtrend but is instead exchanging chips within a range. The narrowing of the Bollinger Bands’ lower band provides strong support for the price, limiting the depth of the pullback and suggesting that the current correction is a healthy adjustment. On the one-hour timeframe, the so-called “downward channel” has not been confirmed by volume expansion. Careful observation reveals that during the decline, trading volume has relatively shrunk, while attempts to probe upward often see increased volume. This is a typical “shrinking volume on decline, expanding volume on rise” accumulation pattern. Therefore, the upper Bollinger Band is not an insurmountable top; rather, it is a “test line” where the main force repeatedly tests and cleans out weak hands before pushing higher. Each upward probe is a test of the selling pressure above, not a simple top signal. Thus, the current resistance pattern should not be viewed as a trend reversal to bearish but as a strategic retreat to gather strength. Once the pullback volume shrinks and stabilizes at the middle or lower Bollinger Band support, the market will once again launch an upward attack. At that time, the previously tested upper band resistance zone is very likely to be broken with a strong bullish candle, opening up new upside space. Afternoon Bitcoin can be bought in the 71,500-72,000 range, targeting 74,000. Afternoon Ethereum can be bought in the 2080-2100 range, targeting 2200.

Bitcoin shows a bullish breakout signal, with key support and resistance levels on the intraday chart facing a crisis Reviewing yesterday's market scenario, did we successfully escape or suffer a washout? Pushing for a short squeeze without entering aggressively, bullish sentiment suppressed the market’s decline. The Middle East situation also contributes to market volatility, and how will the upcoming positive or negative news develop? Market sentiment remains crucial. Although Bitcoin and related investment products are experiencing capital inflows, negative impacts are caused by the UK央行's concerns about smart contracts and Japanese investors selling overseas bonds. Bitcoin's rebound after finding support proceeded as expected. The pre-market signal yesterday indicated an upward trend, and the European session’s key level was not triggered, missing by about 100 points. Small timeframes are showing signs of a rebound. At this point, the key is to avoid hesitation. Entering long positions around the 70,000 level on the daily chart, and Ethereum is also moving in sync. After the US stock market closed, bulls volume increased, testing resistance and then consolidating. The focus remains on the 730-740 resistance zone for a potential rebound. Even if the high of the evening wasn’t reached before the close, the current outcome is still quite satisfactory. Currently, Bitcoin is in a high-level consolidation phase. Short-term momentum is slightly bullish, but low trading volume and the appearance of a small-scale bearish engulfing pattern suggest some room for a correction. The price is above the middle Bollinger Band, RSI is in a neutral zone, and even in the short term, the correctional sentiment remains bullish. Short-term moving averages also show a bullish trend. Only by combining individual technical indicators with the overall market condition can we determine the direction. Today, Bitcoin is gradually accumulating around 71,500, with a focus on the 72,800-73,500 zone for a rebound. If the daily chart breaks above 74,000, the target can be moved higher, with an ultimate limit around 74,800-75,300. Ethereum is steady, with a phased buy-in around 2,080-2,100. For a rebound, watch Bitcoin’s real-time volume response, as it tends to follow Bitcoin’s movement. The target is 2,160-2,200. After breaking higher, consider phased protection around 2,230-2,270. Adjust your strategy based on your actual holdings and risk management!

MON (Monad) 24-hour increase of 8.88% Gate News Bot Message, March 5 According to CoinMarketCap data, at the time of press, MON (Monad) is trading at $0.02, up 8.88% in the past 24 hours, reaching a high of $0.02 and a low of $0.02. The current market capitalization is approximately $242 million, an increase of nearly $19.8 million compared to yesterday. Monad is a next-generation, Ethereum-compatible high-performance blockchain that offers 10,000 TPS, sub-second finality, low fees, and scalable decentralization. The chain is EVM-compatible at the bytecode level, with Solidity contracts, EVM addresses, infrastructure, tools, and libraries ready to use out of the box. Monad uses a custom database and low system requirements, allowing validators to run nodes on consumer-grade hardware, achieving true decentralization from day one. The global network expands as demand grows. Recent important news about MON: 1️⃣ Mainnet Launch and Token Supply Mechanism The Monad blockchain has officially launched, with an initial token supply of 10 billion tokens, accompanied by an airdrop plan. The synchronized launch of a large token supply provides ample liquidity for the market, helping to stabilize the current price and promote trading activity. 2️⃣ Market Performance on the First Day of Trading On its first day of trading, MON experienced initial volatility, reflecting the typical price discovery process for a newly listed asset. After an initial adjustment, the price gradually stabilized. The 8.88% 24-hour increase indicates a rebound in market sentiment and suggests that investors have some confidence in the project's fundamentals and long-term prospects. 3️⃣ Technical Architecture Competitiveness Monad’s technical architecture, featuring 10,000 TPS high throughput, sub-second finality, and EVM compatibility, provides significant competitive advantages in the high-performance public chain sector. Its low hardware requirements facilitate geographically dispersed nodes, enhancing decentralization and long-term sustainability. These technical strengths can support market confidence with solid fundamentals. This message is not investment advice. Investors should be aware of market volatility risks. #比特币创下近一月新高