Mu Feng looks at the trend: Interpretation of the market trend on the evening of 2/21 and operational ideas.

CN
1 day ago

From a technical structure perspective, the daily KDJ and MACD of Bitcoin/Ethereum are overall in a slight upward oscillation phase. Recently, the overall market sentiment has been low, leading to a slow daytime market, with no substantial breakouts in either rebounds or pullbacks. In fact, it is still in a phase of oscillation and accumulation.

On the 12-hour level, the current market price has surged, with moving averages showing consistent upward convergence. The short cycle still maintains a bullish pattern. In the main chart, the three-day moving averages are almost glued together, which indicates that the short-term market is still choosing a direction. Overall, it still leans towards a slight upward oscillation. After a surge and a pullback, the recovery of the upward trend is quite strong. Therefore, for short-term operations in the evening, it is recommended to accumulate long positions in batches during pullbacks. Specific points of reference are as follows:

BTC: Long at 98500-98000, target 100500

ETH: Long near 2800-2770, target 2880

The above is my personal analysis of the evening market, for reference only. For those who are unsure about the trend and entry points in future operations, you can scan the QR code below to follow along. Welcome to exchange and learn together!

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