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Bitcoin Market Analysis and Trading Suggestions for Evening of March 13
Reviewing the afternoon market, Bitcoin successfully held support above the 71000 level and pushed higher, reaching a maximum of 73500, with evening prices maintaining above 73000. The bullish trend remains intact. From a technical perspective, a ladder-like uptrend structure has formed. Our long positions entered around 71000 captured nearly 2500 points, while concurrent Ethereum longs from 2100 gained 90 pips of profit. When the trend is correctly identified, taking profits is as easy as drinking water.
Bitcoin: Long from 73300 to 72800, targeting 75000. Ethereum: Long from 2190 to 2155 directly, targeting 2280.