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Friday + Dragon Raises Its Head in February: Bounces Are Opportunities to Short
Dragon Raises Its Head, and the market is also "raising," but don't be fooled by appearances.
Last night BTC was still at 68750, and this morning it bounced back above 70000. This back-and-forth is normal, no need to panic.
The strategy is simple: continue shorting on bounces.
This bounce round has basically confirmed that 76000 is the phase-wise resistance level.
Against the backdrop of the Fed not cutting rates, bears are dumping with volume, currently just entering a consolidation phase.
The upcoming price action won't be easy to trade:
Liquidity is declining, funds are flowing out, the trend will whipsaw repeatedly and grind people down
So in one sentence: stay steady, don't get ahead of yourself, take it slow.
Trading Reference:
BTC: Short in the 71000 - 70500 range
Target: 68500
ETH: Short in the 2150 - 2175 range
Target: 2050
Today is Friday, and it's also a "Dragon Raises Its Head" node,
The market tends to swing emotionally. You must control your position size and pace carefully. Whether you can recover losses and exit profitably depends on how you play this wave.
Wishing everyone smooth trades. Holding steady is winning. #Gate13周年全球庆典 #美联储维持利率不变 #英伟达GTC2026大会召开 #Aster主网上线 #七大央行利率来袭 $BTC $ETH $SOL