2.24 Bitcoin and Ethereum Market Trend Analysis and Trading Suggestions!

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5 hours ago

Trading Philosophy: Look for trends in the long term, find entry points in the short term;

Technical Analysis: For Bitcoin, the daily chart shows a bearish candle closing above 96,000, the Bollinger Bands have nearly completed their contraction and show signs of opening downwards, the MACD moving averages continue to run flat, bullish volume is starting to slightly increase, and the KDJ line is beginning to move downwards. On the 4-hour chart, the Bollinger Bands are starting to contract downwards, the price is once again under pressure and has dropped to the lower band, the MACD moving averages continue to move downwards, bearish volume is starting to decrease, and the KDJ line is moving upwards;

For Ethereum, the daily chart shows a bullish candle closing around 2,820, the Bollinger Bands have also nearly completed their contraction, the MACD moving averages continue to move upwards, bullish volume continues to increase, and the KDJ shows a downward divergence. On the 4-hour chart, the Bollinger Bands are slightly opening downwards, the MACD moving averages continue to move downwards, bearish volume continues to increase, and the KDJ line is starting to move downwards;

In summary, the overall market trend remains volatile. Yesterday, Ethereum also experienced a false breakout to the upside but has not yet exited the range. For the short term, it is recommended to continue shorting!

Trading Advice: Short on rebounds!

Short Bitcoin in the 95,800-96,300 range, with a target of 94,500-93,500, and if broken, look for 92,000, with a stop loss at 97,500;

Short Ethereum in the 2,710-2,730 range, with a target of 2,650-2,600, and if broken, look for 2,550, with a stop loss at 2,760;

The strategy is time-sensitive, please refer to private real-time guidance for specifics!

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