Friday, Upper Resistance Broken, Bulls Hold Ground



The bulls who have been accumulating strength finally achieved a volume breakthrough in today's Asian session. Friday's strategy is very clear: on pullbacks, go long targeting the previous high around 74000. At this point, we cannot treat it with the oscillation logic of the previous two days. Currently, there is early anticipation of a rate cut on 3.19, so before that, we follow the trend and look bullish, going long for now with no shorts.

Daily structure shows five consecutive positive candles; consecutive gains should strengthen further. The previous pullback somewhat disrupted our thinking, but the impact is minimal. However the market moves, we adapt accordingly. After the rate cut lands, we will then consider arranging long-term shorts. It's worth noting that the weekly consecutive positive candles are pulling higher; 74000 will definitely break, so shorting requires waiting for the right timing.

Bitcoin 70500-71000 zone go long, target 74000, on breakout reduce position and watch 75500

Ethereum 2065-2095 zone go long, target 2180, on breakout reduce position and watch 2250

Trend is king, risk management is paramount, walk with the light, and you will surely shine!
ETH4.38%
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