2.28 Cryptocurrency Legion Market Analysis

CN
9 hours ago

In the ever-changing financial market, the early morning trend unfolded as I had predicted, showing a retracement. The price has tested the key level of 82,000 multiple times; although each downward spike has been followed by a rebound, in my view, this is merely accumulating time and space for the next downward probe. The bearish pattern is difficult to shake in the larger direction. Therefore, the intraday strategy can still maintain a high short and low long approach.

From a daily chart analysis, the bearish trend remains unchanged. Last night's rebound failed to create strong resistance, and the market's volatility is limited in the short term, with the bearish trend still dominating. A pullback under pressure is just a matter of time. In the 4-hour chart, the trend repeats yesterday's corrective pattern, with three consecutive bearish candles and no signs of a bullish reversal. The Bollinger Bands are opening towards the lower band, and the K-line is deviating from the middle band, indicating that the price is expected to rebound to the middle band for consolidation during the day. Looking at the hourly level, the running channel is in a narrowing state, and the market trend is relatively clear, providing opportunities for both long and short positions in the short term.

Based on the above analysis, Ethereum (ETH) can be shorted in the range of 2320 - 2350 and bought in the range of 2060 - 2040. Investors should closely monitor market dynamics and adjust strategies flexibly.

Due to the fast changes in the market, we won't elaborate too much here. Ok, that's the market for today. Good luck to everyone, and welcome to join the community. If there are any changes in the market, we will notify everyone in the community as soon as possible. Follow our public account: Ambush Notes.

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