2.25 Midday Market Analysis.


Recently, Bitcoin has continued to maintain a volatile downward trend, starting to decline from around the high of 68,700. Last night, it dipped to approximately 62,400, with a single-sided retracement of over 6,000 points.
From the current market situation, the trend is oscillating downward with the highs gradually decreasing, and the overall center of gravity continues to decline; the Bollinger Bands are opening downward, and the price is under pressure below the middle band, indicating a complete bearish trend. After dropping near 62,400, a rebound occurred, which is a technical correction after an oversold condition, not a trend reversal signal. Future operations should mainly focus on shorting during rebounds.
BTC Trading Suggestions: Short around 66,000-66,800, targeting 65,000-63,800; if broken, continue to look down to 62,000, with a stop loss above 67,500.
ETH Trading Suggestions: Short around 1,920-1,960, targeting 1,880-1,820; if broken, continue to look down to 1,700, with a stop loss above 1,980.
BTC1%
ETH0.16%
View Original
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
DonaldTrump
· 02-28 07:36
Operate, Brother Jie, the order has already been placed.
View OriginalReply0
  • Pin