$HIVE, $BTC & ETH/BTC Technical Analysis - 01.03.2026

It's the first day of the month today and Sunday too, so we have the occasion to have not only the weekly, but the monthly candle close too, so let's see where we stand with $HIVE, $BTC and ETH/BTC today and what can we expect next week.

The monthly candle closed bearish yesterday. Price is heavy and if we don't get a bounce at some point around there, chances for price to sweep the current swing low at $0.0327 are high. In case we get a bounce, the bearish fair value gap (FVG) marked with yellow on my chart, between $0.1429 and $0.1743 is a draw on liquidity, that has to be inverted, in order to go higher.

Last month's candle is the seventh bearish candle in a row. They say after seven candle of the same type, comes a break. I'd not listen to such sayings honestly. It may be true in some cases, but this is technical analysis, we focus on data, on what the chart gives us, so we'll see.

The weekly candle, although not closed, doesn't look so bad at the time of writing, meaning $HIVE is trading slightly above the previous weekly close. There are 14 hours to go till the current candle close. Right now we have a doji, which means indecision in the market, but given the current Geo-political events, I see this candle as good, but more about this at the BTC chart in this post.

This week price dipped close to the current swing low at $0.0611, but did not sweep it, instead it bounced back. We don't know what's going to happen today, how the candle is going to close, but that equal low at $0.0611 could be swept in the near future. Time will tell.

On the daily time frame, price has been accumulating, or chopping around the same range for the past 10 - 11 days. The bearish gap between $0.0691 and $0.0707 is acting as resistance and capping the market. It has been rebalanced already, price had several attempts to invert it in these past 11 days and failed each time. During this period, an equal high has been created at $0.0708.

The truth is, considering the current Geo-political events, $HIVE had a very good reaction yesterday. Yesterday price reacted to the news, along with most of the assets in the market, dropped down and swept liquidity from the swing low at $0.0623, but reversed from $0.0613, without sweeping liquidity from $0.0611. Today we had a nice expansion to the upside, touched the lower side of the above mentioned gap and sold off.

The current candle closes in 14 hours, so we can't take anything for granted till then. Levels to watch are $0.0611 on the downside, if there's more weakness in the market, and $0.0708 on the upside, if we get some momentum.

On a more granular scale, on the h4 time frame, price had a very nice recovery after the drop, but the move left two bullish gaps on the leg up. At the time of writing, price is around mid-range, if we consider the range from $0.0611 to $0.0708. It's Sunday, the traditional markets are closed, news on the other hand is coming in every minute. Levels to watch are the same as on the daily time frame.

$BTC, despite the Geo-political events that escalated yesterday, is still shopping around in the channel created since the 8th of February. Yesterday price dropped to $62,972 and recovered fast. This is a good sign as usually any instability on Geo-political level means risk assets suffer, but not in this case. At the time of writing, $BTC is trading slightly above mid-range.

We're not out of the wood yet though, New York open is going to be interesting tomorrow and I'm expecting oil price to be affected, which could cause some waves in risk assets.

ETH/BTC has created a bit wider range for itself and still chopping around. We need price to show its hand, to make a move to one of the directions.

source

Next week we have four red folder days, but the biggest event I see it's going to be the open on Monday. Stay safe.

Remember, technical analysis is not about forecasting price, but about reacting to what price does.

As always, this is a game of probabilities, not certainties. Also please note, this is not financial advice, it's my view and understanding of the market.

All charts posted here are screenshots from Tradinview.

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