Sunday: Bitcoin and Ethereum Next Week Trend Analysis

After Black Friday, Bitcoin is currently consolidating around 71,700. Let me 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, important data releases typically see prices rise beforehand. The previous high of 74,000 is a very critical level, and I strongly believe it will be broken through this time. As for where the rebound will stop, that remains to be seen. Until then, go long.

Once the data is digested and released, no matter how high the market rallies, do not chase. When good news is priced in, it becomes a bearish signal. Looking back at previous rate cuts, they all resulted in sharp declines and a downward trend. This is an excellent opportunity for us to set up long-term short positions. Enter with light positions, reserve some capacity, and capturing 5,000-8,000 points is no problem.

The daily chart shows a stepwise upward structure. Rapid rises are shakeouts, while slow rises indicate the trend. Therefore, I expect Monday to open higher and continue upward. Tonight’s strategy is to reference the 71,000 level for long entries, with the first target around 74,000. Once broken, there is at least 3,000-5,000 points of upside space.

Ethereum follows the same logic as Bitcoin. Reference 2,100 and above for long entries, with an initial target around 2,200. This rebound could even reach near 2,600, which is right at the upper resistance on the weekly chart. I’ve shared the idea—whether you can hold it depends on your ability. I will update promptly on when to establish long-term shorts. Follow me, and let’s explore the crypto world together.