Bitcoin and other cryptocurrencies surged sharply after President Trump announced the US cryptocurrency reserve fund.

Release Time: 10:00 AM, March 3, 2025

Publisher: Mr. Tony

MARKET OVERVIEW

Stock Market:
- Vietnam Market: The VN-Index remains in the peak zone of 1300-1310 with no strong signs of a significant uptrend. It is forecasted that there may be some corrective sessions to potentially form a higher peak.
- US Market: The US30 index moved sideways with a wide range last week. This week, it is advisable to wait for clearer signals rather than taking risky trades at this time.
Forex:
- EUR/USD: Last week showed a strong downward trend. Although there was an increase at the beginning of today, it is considered a recovery rather than a sign of growth.
- USD/JPY: A bullish confirmation has been established, and there may be buying opportunities this week.
Gold:
- Last week showed a downward trend after reaching an all-time high (ATH). This week, trading will continue to follow the downward trend.
Oil:
- There are signs of a price increase at the beginning of today after a month of decline. However, confirmation is needed today and tomorrow to establish a specific trading strategy.
Bitcoin:
- After a sharp drop to the 78,000 - 82,000 zone, BTC experienced a strong price increase due to news of Trump announcing the US cryptocurrency reserve fund.

TRADING PLAN

BTC/USD:
- Trend: Bullish
- Strategy: Buy at 90,000, Stop Loss: 86,000, Take Profit: 98,000
USD/JPY:
- Trend: Bullish
- Strategy: Buy at 150.300, Stop Loss: 149.800, Take Profit: 151.800

NOTABLE EVENTS TODAY:

DISCLAIMER:

The above analysis represents the personal views of analyst Tony from Lotus and should not be considered a basis for actual market participation.
Lotus provides only technical trading analysis and trading education for students.
Lotus does not represent any securities company or asset management company.
Lotus does not manage students' funds.

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