Warning signs have already appeared. The Federal Reserve is struggling to move forward, and longs are eating up profits! 3.10 Bitcoin Auntie's Trading Strategy

The Federal Reserve's January meeting minutes show that there is a "significant resistance" to further rate cuts, and officials may remain on the sidelines. However, the risk premium in crude oil remains high and is beginning to embed inflation expectations, and the Fed might even have to consider raising interest rates. Now, it depends on whether the understanding king government’s plan to intervene in the crude oil market to release pressure can be effective. Yesterday, US stocks opened lower and then moved higher, but the price of cryptocurrencies lacked strong momentum, mainly due to the instability in the Middle East conflict. However, the levels given yesterday morning were tradable, and following them definitely yields profits!

After four consecutive bearish days on the daily chart, Bitcoin closed higher this morning, and the price has already broken through short-term moving average resistance multiple times. The bulls continued this morning, with the KDJ three lines slowing down downward, and the MACD momentum beginning to increase. Before a large-scale correction occurs, the price is very likely to surge again, so the intraday strategy remains to buy on dips. Those holding longs can move their stop-losses to lock in profits!

3.10 Long Entry Strategy

Buy on dips around 66,500-67,000, conservative entry at 65,500-66,000, with a stop around 65,000. Target near 68,000-69,000-69,500. If broken, look for 70,000-71,000, and continue to move stop-losses accordingly to lock in profits!

Buy Ethereum around 1910-1940, with a stop near 1860. Target near 1980-2000-2030. If broken, look for 2050-2080-2100, and continue to move stop-losses accordingly to lock in profits!

3.10 Short Entry Strategy

Attempt to short Bitcoin around 71,000-71,500, with a stop near 72,000. Target near 70,000-69,000-68,500. If broken, look for 68,000-67,500-67,000, and continue to move stop-losses accordingly to lock in profits!

Attempt to short Ethereum on a rebound around 2060-2090, with a stop near 2130. Target near 2000-1970, and if broken, look for 1950-1920, and continue to move stop-losses accordingly to lock in profits!

The market has been oscillating for a long time without breaking the range. Although there are signs of bottoming out, the instability in the Middle East conflict makes bulls powerless. Wait until a clear breakout occurs before chasing the trend. It’s not too late to re-enter after a confirmed breakout!