After bashing sideways in a flag range for three days, Bitcoin suddenly broke upward in the early morning and also refreshed a new high. Even if you didn’t get in, you can still wait for a pullback opportunity. The market fell back twice to test key support around 71,800, and every chance to go long from lower levels was delivered. If you didn’t make the move, it’s a pity.

After you miss the opportunity, the market then keeps climbing in a step-by-step manner, and there are no suitable entry points for getting on board later. Right now, Bitcoin is holding the 74,300 level, and the next outlook is to push up toward around 75,537. Never blindly guess the top and open shorts just because it starts rising. The bullish trend has just kicked off—shorting against the trend will only lead to stop-losses, or even liquidation. Trading with the big trend is the safest.

This round of strong upward move is to shake out the shorts and fully digest the selling pressure, so the market can keep moving higher. If Bitcoin can’t hold 74,300 in the short term, it will pull back to test the 73,288 support. If it holds, expect consolidation in the range. If it can’t hold, then look at 72,281 and the flag’s upper boundary for support. As long as price doesn’t drop back inside the flag, any pullback is a normal market move.

$BTC Operation: Lay a long position between 73,260-72,820, and the defense is 72,049,
Target 74,360, and if it breaks out, look for 75,680!

$ETH Ethereum’s four-hour chart breaks below 2,330—go with the trend and watch for a drop from 2,275 down to 2,232 at the low end. The second coin is also breaking out of the triangle range in sync and setting a new high. Next, it will consolidate and build up strength by ranging between 2,393 and 2,333 to choose a direction. If it holds above 2,333, there won’t be a deep pullback; if it breaks above the previous high, it can continue to push higher. #美军封锁霍尔木兹海峡