Thursday, 2.26 Morning Market Analysis

Bitcoin yesterday evening dipped to around 65161 and is currently rallying towards 70,000, providing nearly 5,000 points of space; Ethereum dipped to around 1906 and rose to about 2149, also offering over 100 points of upward potential. Isn’t this kind of market easy to trade? Follow the “Mu Feng” rhythm, and eating meat and drinking soup is just a matter of course. Today, we continue to push forward!

From a technical perspective, the price has been consecutively closing bullish and pushing higher, successfully breaking through the middle band resistance and advancing strongly toward the upper band, forming a full-bodied large bullish candle, indicating a very strong bullish pattern. Ethereum is rising in sync, reaching the upper band before slightly retracing; overall, it remains a strong correction.

When the market reverses, adjust your thinking in time. A strong market does not mean it’s at its peak; avoid trading against the trend. Rely on the support of the middle band’s top-bottom conversion, strictly set stop-losses, and use pullbacks as opportunities to buy low. Follow the trend and plan entries on pullbacks.

Bitcoin: 66,500-67,000 range for long positions, target around 69,000
Ethereum: 1970-2000 range for long positions, target around 2150