Gu Jingci: 2.27 Bitcoin/Ethereum Evening Trading Strategy and Market Analysis

Bitcoin/Ethereum once again experienced a sharp rise followed by a pullback. The four-hour chart shows a continuous decline, indicating a generally weak trend. However, the price is approaching the support near the previous box structure. In the early morning, pay attention to the short-term supports at 65,000 and 1,900. On the daily chart, after a massive surge in volume, there have been consecutive bearish candles over the past two days, indicating a weak overall trend in a correction phase. The four-hour chart remains within the body of the previous large bearish candle, showing a temporary consolidation after the decline.
Technical indicators show that on the four-hour chart, the MACD line has crossed below the DEA line, and both lines are below the zero axis. The MACD histogram is negative and continues to expand, indicating strong bearish momentum and a clear downtrend. However, trading volume on the four-hour chart has significantly decreased, suggesting that the rebound or consolidation after the decline lacks momentum. Effective support below in the early morning suggests the market may continue to rebound and rise, so watch for the strength of the upward move.
Evening trading suggestions: Buy near 65,300 to 65,800 for Bitcoin, with targets around 67,500 to 68,500; buy near 1,920 to 1,940 for Ethereum, with targets around 2,000 to 2,050.
Daily analysis and strategy have a high success rate and are visible to all. The analysis and strategy are for reference only. Please manage your own risks. The article's review and publication do not guarantee timeliness; please rely on real-time data!