Sunday: Bitcoin and Ethereum Next Week Trend Brief Analysis
After Black Friday, Big Coin is currently oscillating and accumulating power around 71700. Let me briefly share my personal analysis of next week's market trend.
The Federal Reserve interest rate decision will be announced on 3.19. As I mentioned in this week's article, major data releases typically see price increases before the announcement. The previous high of 74000 is a very key level, and I am quite confident it will be broken through this time. As for where the rebound will stop, that remains to be seen. Before that, go long.
Once the data is digested and lands, no matter how high the market rallies, don't chase anymore. When positive news lands, it becomes negative news. Reviewing the previous rate cuts, they all resulted in major drops with a downtrend. This is the perfect opportunity for us to build long-term short positions. Enter with light positions and reserve capital space. Capturing 5000-8000 points is no problem.
The daily structure shows a step-by-step uptrend. Sharp rises are shakeouts; slow rises indicate a real trend. Therefore, I expect Monday to open higher and continue rising. Tonight's strategy is to reference levels above 71000 as entry points for longs, with 74000 nearby as the first target. Once broken through, there's easily 3000-5000 points of upside.
Ethereum follows the same strategy as Bitcoin. Reference levels above 2100 for longs, first target around 2200. This rebound could even reach 2600 nearby, which is exactly at the upper resistance of the weekly K-line. I've provided the strategy—it's up to you to hold it. I will provide an update and alert at the first opportunity for when to build long-term short positions. Follow me, and let's navigate the crypto space together.
Sunday: Bitcoin and Ethereum Next Week Trend Brief Analysis
After Black Friday, Big Coin is currently oscillating and accumulating power around 71700. Let me briefly share my personal analysis of next week's market trend.
The Federal Reserve interest rate decision will be announced on 3.19. As I mentioned in this week's article, major data releases typically see price increases before the announcement. The previous high of 74000 is a very key level, and I am quite confident it will be broken through this time. As for where the rebound will stop, that remains to be seen. Before that, go long.
Once the data is digested and lands, no matter how high the market rallies, don't chase anymore. When positive news lands, it becomes negative news. Reviewing the previous rate cuts, they all resulted in major drops with a downtrend. This is the perfect opportunity for us to build long-term short positions. Enter with light positions and reserve capital space. Capturing 5000-8000 points is no problem.
The daily structure shows a step-by-step uptrend. Sharp rises are shakeouts; slow rises indicate a real trend. Therefore, I expect Monday to open higher and continue rising. Tonight's strategy is to reference levels above 71000 as entry points for longs, with 74000 nearby as the first target. Once broken through, there's easily 3000-5000 points of upside.
Ethereum follows the same strategy as Bitcoin. Reference levels above 2100 for longs, first target around 2200. This rebound could even reach 2600 nearby, which is exactly at the upper resistance of the weekly K-line. I've provided the strategy—it's up to you to hold it. I will provide an update and alert at the first opportunity for when to build long-term short positions. Follow me, and let's navigate the crypto space together.