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Wednesday, focusing on tonight's CPI, bullish outlook remains unchanged
Yesterday was a full day of going long, so today don’t ask me how I see it anymore. Continue to go long with a bullish outlook. At 8:30 PM, the US February CPI data will be released. As long as the data is not below the previous value, there shouldn’t be major issues. Usually, such data-driven markets will first see a rally, unless it’s like last week’s non-farm payrolls with a big surprise.
The daily chart structure is within an upward channel. Stepwise increases will inevitably be accompanied by retracements and tug-of-war. The deeper the pullback, the greater the rebound space and strength. First resistance at 72,000, second at 74,000. Focus on changes after breaking through. In the Asian session, retracements to buy on dips are unquestionable.
Buy Bitcoin in the 69,000-69,500 region, target 92,000, reduce positions on a breakout and aim for 94,000.
Buy Ethereum in the 2,000-2,020 region, target 2,090, reduce positions on a breakout and aim for 2,150.
The March rebalancing plan is underway, with 5 spots remaining. Those who understand are already on the path to light, with one-on-one guidance throughout. #加密市场上涨