Thursday, the bulls are strongly increasing volume, temporarily holding off on short positions.

The Middle East is in turmoil, Bitcoin is defying the trend and surging significantly, reaching around $74,000 in the early hours. Currently, the bulls continue to increase volume, so hold off on shorting for now. The intraday strategy is to pull back and go long.

A bear market can't keep falling forever. During this cycle, there will be brief rebounds to gather strength. This round of rebound has strong continuation potential because Bitcoin has been consolidating below $70,000 for too long.

Before the March rate cut, market sentiment will preemptively digest this positive shock, but since the market expects a low probability of a rate cut, this is a typical buy-the-anticipation, buy-the-fact scenario.

First, follow the trend and go long. After the rate cut, consider shorting again. The previous rate cuts all saw prices rise first and then fall. Be patient and ride out this rebound, then plan for a long-term short. For Bitcoin, consider going long around 72,300-72,800 with a target of 75,500. For Ethereum, go long above 2,100 with a target of 2,260. This rebound has the potential to challenge the 80,000 level. That’s all for now. #加密市场上涨