Bitcoin trading strategy march-2-2025

Welcome back to the #Bitcoin #trading and investment strategy series on the Ngan Ha BookReview channel!

Today is March 2, 2025.

In the previous video on February 28—just a few days ago—Bitcoin experienced a sharp decline. However, on the 28th, the price made an aggressive upward move, forming a hammer candlestick pattern, with the closing price above the trendline. This indicates that the downtrend has temporarily ended. However, the overall bearish trend remains dominant until Bitcoin surpasses the $93,000 mark, which would signal a complete trend reversal.

In the coming days, we can expect a price recovery.

How far will the price recover?
As I often say, the price tends to recover by the same amount it previously dropped. Based on this, I will see extending from the hammer candlestick to the first resistance zone. This will help estimate where the price is likely to recover.

At The first trend zone is also very close to a key support-resistance area, meaning that once the price completes its recovery, it is likely to continue its downward trend.

In the crypto market, price movements happen rapidly, so we must always maintain a flexible mindset and be ready to adapt at any moment. Never hold on to a rigid thought process.

As the old saying goes: it is looks like a mountain is truly a mountain.

Buy book on Amazon to learn more:

Link amazon: https://www.amazon.com/dp/B0DLVNTY3Y

https://youtu.be/DTjVLEQCbdE