The weekly candle has closed above the key range high — this is a major bullish signal, similar to the breakout seen in early 2021.
As long as price remains above this breakout level, the scenario is a continuation uptrend — expect further expansion and strong price action.
If the market fails and closes back below the range high, the breakout will be invalidated — this would signal a potential range or pullback phase.
Current strategy is to trade with the trend:
Hold spot exposure and add on confirmed breakouts.
Do NOT short without a clear breakdown and structure reversal.
If a failed breakout occurs (weekly candle closes back below range high), take profit quickly and switch to risk-off mode.
Market psychology: Most buyers hesitate at lows, but FOMO after a strong move is classic. The disciplined approach is to buy the setup, not the hype.
This is a textbook technical breakout with historical precedence for explosive upside. As long as Total Market Cap holds above the range high, the path of least resistance is up. Attempting to fade the breakout is risky unless there is a clear weekly close back below the level. Trend continuation is favored until proven otherwise. The correct approach is to stay with the trend and manage risk only if a breakdown occurs.
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