Brothers, good afternoon!

Yesterday, I mentioned in the article that it has already dropped to a major support area. If you have short positions, it's best to exit at high levels; definitely don't chase shorts at this position. At that time, there were still people in the comments doubting whether it would break down. Looking back today, this large bullish candle has shot up; we aren't just talking after the fact, right?

This is a typical example of support level validity; it can't fall any further, so it naturally bounces back. But here I also want to remind you that yesterday, Bitcoin bounced back from around 67,000, and it really shot up, directly hitting halfway of the previous massive drop (from 73,000 down).

So, at this position, for those who haven't entered long, my personal advice is: don't rush to chase the high.

Why? Because after a sharp rise, there is often a pullback confirmation process. There are cases where the market directly reverses sharply, but they are relatively rare. Most of the time, it needs to take a break, step back, wash out the uncertain chips, and then continue to rise steadily. Therefore, today's main theme, I tend to look for a pullback; let's wait for the pullback to stabilize before entering, which is more prudent and the cost is more comfortable.

March 10 Bitcoin (BTC) market analysis:

The core of Bitcoin today is to focus on the area of $68300-$68500 (which is around 68 mentioned yesterday). This is the first key support level pulled up from yesterday's low, and it is also the lifeline for short-term bulls.

If the pullback does not break 68300: the target first looks at the upper pressure level: $71500 is the first hurdle, if it can get past that, the next target is $72900, and further out is the previous high area near $74000. When these levels are reached, they can all be considered as points to short.

If the pullback breaks below 68300: then the short-term trend will weaken a bit, and it may look for support at a deeper level. The support level below is first at 67000; if it can't hold, we need to pay attention to $65500 and $64000, which are two previous areas of concentrated trading.

March 10 Ethereum (ETH) market analysis:

Ethereum's rebound this time is slightly weaker than Bitcoin, but the structure is similar. Today's key position is $1990.

If the pullback does not break 1990: the logic is the same as Bitcoin, indicating that the bulls are still present, and one can consider going long based on this position. After going up, the short-term pressure is in the region of $2050-$2060; if it stabilizes, we can see $2090-$2100, which is the next important area for short positions. Further up, strong pressure is near $2130-$2150.

If the pullback breaks below 1990: then the short-term will turn weak, and don't rush to enter long positions. The support below is first at $1955; if it breaks, it will test $1905, and even return to the previous low area of $1870.