Conveying the Way of Trading, Enjoying a Wise Life.
The market from yesterday to today has been incredibly thrilling, with dramatic rises and falls taking turns. How many profitable opportunities have you seized?
Strategy Review:
Jiu Ge previously pointed out that the Bitcoin price oscillation range is between 96K - 100K, enter at 96K, and take short-term profits at 100K;
Consider entering above 2620 for Ethereum, and exit if it closes below 2600. Now, both Bitcoin and Ethereum have reached their entry points, and Ethereum's Prague upgrade in early March is expected to bring a strong rebound.
Additionally, entry points for ADA, Bitcoin replenishment positions, PEPE, and contract strategies have also provided trading guidance.
Fundamentals:
This week, three events related to the Federal Reserve have stirred the market. Powell attended a hearing, the U.S. January CPI data exceeded expectations, and Powell's testimony emphasized maintaining the policy interest rate, significantly reducing the possibility of annual rate cuts, which is not good news for the cryptocurrency market.
However, the Bitcoin Strategic Reserve Bill has been submitted in New Mexico, and several states are taking related actions, which is a significant positive.
Technical Analysis:
Bitcoin's daily chart shows a bullish engulfing candlestick pattern, with increased volume. After finding support at 94.8K, the next resistance level is 99.6K. A breakthrough could aim for a peak of 110K, but be cautious with position control. Meanwhile, Bitcoin's market cap percentage is declining, leading to an explosion in altcoins.
The key point! BNB-related leading coins may rise strongly!
CAKE, with investment from Binance Labs, surged 45% yesterday, nearly tripling from the bottom, but 2.8 is an important resistance level; consider entering around 2.3 on a pullback;
BAKE is an integrated DeFi platform, which surged 115% after hitting a low yesterday. The next support level is 0.2629, where entry can be considered, with a target resistance level of 0.37;
BNX is a GameFi development platform, with an astonishing increase from 0.13 to 1.0, rising seven to eight times. However, it has reached a dense chip area; consider trying to enter around 0.77 on a pullback;
THE is the native liquidity layer of the BNB chain, which exploded with a 65% increase yesterday. Entering around 0.6242 is ideal.
These cryptocurrency wealth codes hold infinite possibilities. Which one do you plan to invest in?
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