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Analysis and operational suggestions for Bitcoin Ethereum on Thursday night 2.13
The market in the afternoon showed a clear downward trend, with prices falling all the way down to a low of 95645 for Bitcoin and 2655 for Ether. In this market trend, Lao Zhang demonstrated excellent judgment and precise positioning. Lao Zhang's short positions on Bitcoin and Ether successfully followed the downward trend of the market and came out successfully. With keen market insight and decisive decision-making, Lao Zhang respectively gained 1700 points and 60 points in this operation.
CPI data released, although the result is bearish, the market unexpectedly rebounded. This has made many friends happy and feel that the market is about to warm up. However, this beautiful scene did not last long, only lasted for 12 hours. The price rebounded when it bottomed out at 94000, reaching a high of 98100. Unfortunately, the price did not break through the key resistance of 98500, indicating that the bullish power is not strong enough to reverse the situation. Overall, the price is still in a fluctuating state. From a four-hour perspective, the price is oscillating around the Bollinger Bands in a wide range box pattern. Currently, the price has fallen below the midline, showing a trend of further probing yesterday's low. This trend suggests that bearish momentum may be building up in the market, and the price may face further downward pressure in the short term.
Bitcoin: Around 96800-96300 may rebound, short-term target 94500
Ethereum: Around 2680-2700 can be relieved, short-term target 2580