Taking a look at the last weeks, we could see that 45.000 point acted as a strong resistence point multiple times. I believe this time it will happen again.

We are currently have some days of opportunity to reach that point, before next Wednesday 16 March, when the Feds are going to speak about/implmenent the interest rates, which I believe can be a huge factor for a short position at that point.

The current long movement, its mainly due to the leak of the Biden’s executive order on cryptocurrencies.

In this case they key points are:
Long entry
TAKE PROFIT POINT 44000-45000
STOP LOSS 38500-39500
RISK REWARD RATIO : For 1 $ lost we have the possibility of making 1.5$