Good evening everyone, I am Xin Ya. First of all, I wish everyone well. The New Year is approaching, and I hope everyone has achieved their goals for this year.

Let's take a quick look at the market. Bitcoin on February 12th surged 1500 points after the non-farm payroll data was released, but was hindered around 68800 and pulled back sharply, dropping three thousand points, touching around 65800. There is a divergence between volume and price, and MACD shows a divergence as well. The trading range is operating within the two pins moving up and down. Most of the time, it has been moving in the upper range, between 66800-67800, with seven fluctuations, while the mid-line divergence is around 67500. Currently, let's mark this range, as the market may oscillate around this area for future trades, or it might stabilize and surge again to test resistance.

Ethereum's night trading on February 11th first tested the pressure around 2100, and after being blocked, it fell back by a hundred points. The night trading and day trading are sequentially recovering and oscillating upwards. It has reached around 2100 again, but Ethereum has not provided opportunities for quantitative trading, mainly oscillating upwards. Since there was no accumulation in the process, it may only test the pressure upwards once before starting a large range of oscillation and consolidation.

It is expected that Bitcoin will oscillate around 67500 within a two thousand point range, and the expected range is between 65800-69800. Ethereum is expected to oscillate in the large range of 1880-2080. The oscillation of Ethereum may switch between wide and narrow; recently, the market has only seen repeated oscillations. Whether it is a narrow intense oscillation or a wide back-and-forth, both are possible because only high-frequency fluctuations will attract participants during the Spring Festival. Feel free to sell high and buy low. The determination of direction depends on the performance at resistance levels. Bitcoin is at 70000, and Ethereum is at 2050. The current position is not suitable for starting a trend, so focus on wave trading and short-term trades.

The thoughts posted above are still reasonable for future market outlook.

Let's move forward together. Public account: Xin Ya Talks Chan, supporting the Spring Festival.

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