Friday: Upper resistance broken, bulls take control



The bulls that have been accumulating power finally achieved a volume breakout during 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 this with the same oscillation strategy as the past two days. Currently, there is early anticipation of a rate cut on 3.19, so before that, follow the trend and look bullish, going long; no shorts for now.

Daily structure shows five consecutive green candles, and consecutive gains indicate strength. The previous wave of decline disrupted our thinking somewhat, but the impact is minimal. The market moves how it moves, and we trade accordingly. Consider arranging long-term shorts after the rate cut lands. Worth noting: weekly consecutive gains are pushing 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 control is paramount, walking with the light, we will surely shine!
ETH3,58%
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