February 21 market analysis


BTC
Good afternoon, brothers. The big cake broke through 98000 for the second time and reached the vicinity of the second resistance level. The market is starting the second retracement. After the first surge to 98000 last night, it retraced over a thousand points. In my analysis of the market last night, I specifically reminded the brothers not to panic. The market fluctuates, as long as the support is not broken, the rebound trend is still intact. Today, the daily resistance level has been confirmed to be broken, indicating that the market will continue to rebound at the daily level. The support for the second retracement below is 97300. Defensive support is at 96500. You can try long positions in this range for retracement. Stop loss can be set at closing below 97000 on the four-hour chart, exit manually. Short positions can be attempted in the range of 99000-100000, with stop loss in place. If the position is stopped out, continue short positions in the range of 101366-102564.
ETH
The aunt has been in a sideways trend for too long. From the daily chart, there will be a breakout soon. Just pay attention to the support at 2730 below. Defend 2700. Near these two support levels, you can try long positions, just above 2700. If it falls below, the market will oscillate again. As long as it does not fall below these two levels today, it will be a matter of pulling up. The target resistance levels are 2800, 2850, 2917. For short positions, pay attention near the second and third resistance levels.
SOL
SOL rebound is still weak, not following the rise, retesting support at 172.5 without breaking below this support, the market continues to look for a rebound, with rebound pressure at 179.183.187. If the four-hour closing line falls below 172.5, this wave of rebound will end, and support at 167.163.160 will be tested below.
BNB
BNB four-hour level enters oscillation rebound pressure 664. Only breaking this pressure will the rebound intensity be strong, and the upper pressure is at 683.705.731. If it cannot break 664, the market will oscillate, and the lower defensive support is at 645.636. If it falls below, look at the vicinity of 615.
DOGE
The doggie oscillated on the four-hour level, but the daily level still shows a bearish trend. The key resistance above is 0.261. Only when this resistance is broken can a reversal occur. It is prudent to wait for the daily breakthrough of the 0.261 resistance before considering long positions. If the resistance is not broken, the market will continue to oscillate. The defensive support below is 0.242, and if it breaks, look at 0.22.0.2#BTC☀ ETH🔥🔥🔥🔥🔥🔥 #solana
BTC0.78%
ETH3.25%
SOL2.13%
BNB0.15%
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