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Market Analysis by the Strategist: (Issue 184) Valentine's Day or Valentine's Disaster?
First, let's review last night's price points:
Last night, BTC/ETH/SOL/DOGE all experienced a decline.
BTC was targeted for a bottom at 95,200, and the actual price was 95,160—perfect alignment!
ETH was targeted for a bottom at 2,600, and the actual price was 2,610—just 10 dollars off, barely passing.
SOL was targeted for a bottom at 187, and the actual price was 188—only 1 dollar off. Passable.
DOGE was targeted for a bottom at 0.25, and the actual price was 0.253—off by just 0.003. Dogecoin really holds strong.
Yesterday, I provided two initial bottom-buying positions, and if the second position could be filled, it would have been perfect.
Now, let’s take a look at the Bitcoin K-line chart:
Currently, it is still in a downward channel. Although there is a trend of potential breakout, it has not fully broken through yet.
So for the upcoming market situation, the strategist is preparing for two scenarios, both leaning towards an upward movement!
1. If there is a strong upward trend maintaining prices above 95,000, it will break through the downward channel and start pushing towards 100,000!
2. Alternatively, if there is too much pressure from above, it may continue to be suppressed at the upper edge and return to the lower edge of the channel for one final perfect test around 93,500 before pushing upwards again!
This means that the second bottom-buying position mentioned yesterday remains valid.
Now let’s look at the liquidation chart: It is evident that in the past half month, short positions have been quite comfortable at higher prices, accumulating significantly, while long positions have been consistently pressured!
From the perspective of the liquidation chart, a price surge to above 100,000 is necessary.
Summary: The negative sentiment has likely been fully digested; when negativity dissipates, it often turns into positivity. We need to observe closely! Currently, it is unclear whether we will reverse; however, a rebound above 100,000 is indeed necessary.
Remember what the strategist said about the second position—if it reaches that point, make sure to get on board without fear!