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March 11, 2025 Market Analysis & Fall to $52,500?
Hello everyone, I'm Brother Fan in the currency circle! Today I will bring you a market analysis!
Today, the currency price came to a position near 79,000, and from a technical point of view, there is still no stop-fall! Altcoins also plummeted!
On the news side, Trump's cryptocurrency summit has ended, and the market originally thought it would be a round of big positives, but I didn't expect that there would be no substantial benefits after the convening, and the United States did not hoard a large amount of bitcoin as expected, but a mini version! Coupled with Trump's recent tariff wars and drastic trade barriers, it has aggravated the downward trend of the market!
What followed was the net outflow of ETF funds in the United States, whether it was hedging or taking profits, the actual situation is that these ETF institutions in the United States have begun to cash out some of them! Both the news and the technical side are in a bearish state!
In the last article, I said that I have broken through the bull-bear dividing line of 82000U, and it is very likely that it will come to the 73000 position next! This morning, I saw that the price of the currency was about to arrive.
So assuming that there is still a bull market in 2025, the price of the currency may come directly to around 52,500 compared with the decline of the last round of bull market (June 2021)! This position may usher in a reversal and another round of rise! Therefore, it is still cautious to buy the bottom!
Brother Fan thinks that if there is a plan to buy the bottom, Ethereum and Bitcoin are good choices, after all, the replenishment is made up with real money, or copy some deterministic currencies! Although the profit is not as big as that of altcoins, the risk is also not so great! It is conducive to the operation of friends who want to return to their roots in the later stage!
Ethereum's position at 1000-1500U is relatively safe! Then Bitcoin's position at 53,000U is safe after all, and the position of radical friends at 73,000U can make up for some lightly!