3.5 Thursday Night BTC/ETH Silk Sharing

Bitcoin surged to around 74,000, and many retail investors became excited and eager to chase the rally. However, the more impulsive the surge, the more we need to stay alert. The 74,000 level is not only the peak of this rebound but also the key dividing line in the bulls and bears battle.

From a technical perspective, the price has reached levels where many traders were previously trapped, encountering strong selling pressure. Although there was a rally during the session, the trading volume did not keep pace, indicating insufficient funds to support this rise, so it’s not a genuine breakout. Various technical indicators also show that the upward momentum is weakening and could reverse downward at any time. The cunning of the market makers lies in: first forcing bears to surrender with continuous rises, then enticing bulls to chase higher. Once both groups are on board, the main funds may withdraw, causing the price to rise initially but likely fall back to where it started!

Trading Suggestions:
Buy in the 72,900-73,400 range, target 70,000
Sell in the 2,140-2,160 range, target 1,990
$BTC $ETH $SOL #加密市场上涨 #比特币创下近一月内新高 #美伊局势影响 #美伊局势影响 #日韩股指高开