Mr. Coin in the Crypto Circle: On February 26, the Bitcoin price drop of ten thousand points reappears. Bearish sentiment is becoming increasingly strong. Today's latest market analysis reference for Bitcoin (BTC) and Ethereum (ETH), including operational suggestions.

CN
11 hours ago

Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be overly anxious. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to improve the win rate. At the same time, investing is also a process of growth. Mr. Coin advises all cryptocurrency friends to learn while trading, summarizing both gains and losses in a timely manner, deepening the understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

2.26 Mr. Coin's Analysis Reference for Bitcoin (BTC)

Currently, the market is in a phase of significant ups and downs, with extreme short-term trends. After a price rebound, it has entered a consolidation phase, and the short-term direction is unclear. Therefore, friends who are holding cash should observe steadily, while those entering the market should pay attention to reasonable risk control and timely profit-taking to ensure safety, avoiding blind and aggressive operations. Spot trading can wait for two to three days, and after the market stabilizes and warms up, one can enter steadily. Finally, it is emphasized again to manage risk well, regardless of how confident you are in your future market predictions.

Recently, Bitcoin has seen a drop of over ten thousand points, with the price falling from a high of around 99,500 to about 86,000. Currently, the price has rebounded to around 88,800. The short-term price fluctuations are significant. Mr. Coin mentioned yesterday to observe steadily, with a focus on short positions during the rebound. There is not much to analyze on the chart, and he has been reminding everyone to manage risk well and to pay attention to timely profit-taking, as the market is warming up and regulations are gradually tightening. Although the price is continuously rising in the short term, trading volume is noticeably decreasing, so it is advised to stay alert.

Currently, the market is in a phase of repair and consolidation. The price rebound is hindered at the middle line of the Bollinger Bands, with the trend hovering in a range of over a thousand points. The short-term market is showing a weak corrective trend, and there are no significant signs of a breakout upwards. The market has entered a calm period, so our strategy is to focus on short positions, with light positions and low long positions. The upper resistance to watch is around 90,000, and for short positions, enter on rebounds. The lower support to watch is around 86,000; if it breaks, one can continue to observe.

For more real-time trading strategies, online technical learning, and exit strategies, please follow the mentor's public account (Mr. Coin) for access. The first ten people each day can receive free exit strategies.

2.26 Short-term Reference for Bitcoin:

Short Position: 90,500-91,300, stop loss at 92,800, target below 90,000.

Long Position: Focus on the 95,300-96,300 range with light positions, stop loss at 92,500, target above 87,000.

2.26 Mr. Coin's Analysis Reference for Ethereum (ETH)

Recently, Ethereum has dropped nearly 600 points, with a low spike touching around 2,290 before rebounding. The previous gains have all been given back, and the current price is rebounding around 2,500, with the trend also in a phase of repair and consolidation. The key support to watch below is around 2,380. If there is a pullback and it breaks, the pullback is expected to continue.

Looking at the short-term 2-hour chart, the trend is in the middle-lower track area, with the short-term market maintaining a weak oscillation, slowly moving downwards. If the short-term support breaks, the trend is expected to continue downward, so it is advised that all cryptocurrency friends prepare in advance. Due to the strong drop yesterday, the short-term price volatility is significant, so everyone must pay attention to risk control when trading. The current strategy is to focus on short positions during rebounds, with long positions as a supplement, and to follow the trend with short positions if there is a breakout. The upper resistance to watch is around 2,600, and the lower support is around 2,380-2,410.

For more real-time trading strategies, online technical learning, and exit strategies, please follow the mentor's public account (Mr. Coin) for access. The first ten people each day can receive free exit strategies.

2.26 Short-term Reference for Ethereum:

Short Position: 2,630-2,580, stop loss at 2,750, target below 2,510.

Long Position: Focus on the 2,380-2,430 range, stop loss 50 points, target above 2,500.

The article may have delays in sending, and the strategy suggestions are for reference only. The market changes rapidly, so regardless of how confident you are in your market predictions, always set take-profit and stop-loss levels to secure your gains.

Mr. Coin's public account: Mr. Coin in the Cryptocurrency Circle

For more real-time trades, you can follow my public account for online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency circle, and have studied in the U.S. multiple times, mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are unsure about trading, you are welcome to study and learn together.

This article is exclusively shared by Mr. Coin in the Cryptocurrency Circle and represents his unique viewpoint. The article may have delays in sending, and the risk is borne by the reader. Manage your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, moving forward together. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your current self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, prepare well, and be ready to set off at any time. Keep it up!

—— This article is written by Mr. Coin in the Cryptocurrency Circle, refusing plagiarism and respecting originality!

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