Market Direction: Bullish

Major Events in the Cryptocurrency Space

1. BTC "Rapid Surge" but still highly volatile: Funds are balancing trading event risks and liquidity

2. Continuous large inflows into US spot BTC ETFs over recent days

3. Macroeconomic Data: ADP shows approximately 63,000 new private sector jobs added in the US in February, exceeding expectations (and the previous figure was revised downward). Market focus quickly shifts to Friday’s non-farm payrolls; if the data is strong, it could boost the USD/real interest rates, potentially causing secondary disturbances in the crypto market and gold.

Mainstream Asset Trend Analysis

Bitcoin intraday trading range: 67,500 – 74,000 (extreme volatility, driven by event factors). Key strong support level at 67,500 (a break below could lead to a secondary retest), short-term support near the psychological level of 70,000, resistance at 74,000 (a breakout would confirm an extension of the rally). Intraday strategy: focus on "range-bound oscillation, retests, and follow-ups," with the 1-hour middle band and 4-hour middle band acting as buy zones on dips, avoiding chasing highs; closely monitor whether ETF inflows continue and if market liquidity improves.

Ethereum intraday range: 1,950 – 2,200 (following BTC’s recovery with greater flexibility). Key strong support around 2,020, resistance at 2,195 / 2,250. Intraday strategy: if BTC holds above 67,500, ETH can be traded within the range; reference the 1-hour Bollinger middle band and 4-hour Bollinger middle band for phased long entries. If BTC retraces rapidly, ETH usually retraces more deeply, so prioritize position control.

Gold’s core driver: Middle East conflict boosts safe-haven demand; meanwhile, the pause in USD rally provides room for gold prices to rebound. Price reference: Reuters reports that on 3/4, spot gold rebounded to approximately $5,120.71 per ounce (after a significant pullback the previous day). Intraday strategy: focus on high-level oscillations, mainly buying on dips, and monitor USD/real interest rates and geopolitical news intensity—any acceleration on either front could amplify gold price volatility.

Today’s Trading Strategy

Maintain long positions, primarily buy on dips.