Gu Jingci: 2.2 Bitcoin/Ethereum Evening Trading Strategy and Market Analysis
Bitcoin/Ethereum have experienced multiple pullbacks and stopped out at lows during recent setups. However, this also allows for bottom-fishing long positions at low levels. Currently, after a rapid decline during the white session, the market has rebounded and started to rally. The overall upward movement is relatively significant, indicating a potential trend reversal. Further confirmation is needed to determine whether the bullish trend has officially resumed. Attention should be paid to the breakout of the 2400 and 2550 levels. A sustained breakout and stabilization could lead to further gains toward 2700 and around 84,000.
In terms of candlestick patterns, the daily and four-hour charts show that after recent continuous declines, a rebound has occurred, forming a low-level consolidation pattern. On the 4-hour chart, prices quickly surged from around 2150 and 74,600 to approximately 2318 and 77,900, but are still in the recovery phase following a significant prior decline. Technical indicators on the 4-hour cycle show that DIF and DEA are both below the zero line, with the green bars shortening, indicating weakening bearish momentum and signs of a rebound. Additionally, it is important to note that gold touched the critical support level at 4400 today and quickly rebounded, suggesting a potential shift toward a bullish trend that could drive a rebound in the crypto market.
Evening Trading Recommendations: Continue to go long near 77,200 to 77,600 for Bitcoin, with targets around 79,000 to 80,000; for Ethereum, go long near 2260 to 2280, with targets around 2360 to 2400. Breakouts should be followed by further upward movement. The medium- and long-term targets of 2700 and 84,000 remain unchanged.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Gu Jingci: 2.2 Bitcoin/Ethereum Evening Trading Strategy and Market Analysis
Bitcoin/Ethereum have experienced multiple pullbacks and stopped out at lows during recent setups. However, this also allows for bottom-fishing long positions at low levels. Currently, after a rapid decline during the white session, the market has rebounded and started to rally. The overall upward movement is relatively significant, indicating a potential trend reversal. Further confirmation is needed to determine whether the bullish trend has officially resumed. Attention should be paid to the breakout of the 2400 and 2550 levels. A sustained breakout and stabilization could lead to further gains toward 2700 and around 84,000.
In terms of candlestick patterns, the daily and four-hour charts show that after recent continuous declines, a rebound has occurred, forming a low-level consolidation pattern. On the 4-hour chart, prices quickly surged from around 2150 and 74,600 to approximately 2318 and 77,900, but are still in the recovery phase following a significant prior decline. Technical indicators on the 4-hour cycle show that DIF and DEA are both below the zero line, with the green bars shortening, indicating weakening bearish momentum and signs of a rebound. Additionally, it is important to note that gold touched the critical support level at 4400 today and quickly rebounded, suggesting a potential shift toward a bullish trend that could drive a rebound in the crypto market.
Evening Trading Recommendations: Continue to go long near 77,200 to 77,600 for Bitcoin, with targets around 79,000 to 80,000; for Ethereum, go long near 2260 to 2280, with targets around 2360 to 2400. Breakouts should be followed by further upward movement. The medium- and long-term targets of 2700 and 84,000 remain unchanged.
#加密市场回调 #2月Web3节点 #美联储人事与宏观政策影响