February 15th BTC/ETH Mishi Strategy


Today everyone should be on holiday, and tomorrow is Chinese New Year's Eve. Mishi insists on standing guard for the last shift. Those who participated in this rebound find it very easy and straightforward to profit; there are no major news factors influencing the trend, and the market hasn't been particularly harsh with sharp dips to shake out weak hands. Holding onto early positions with peace of mind can yield value, reminiscent of a Chinese New Year red envelope market.
Bitcoin: The large-scale trend remains intact, with a good 6-hour bullish alignment. As long as the price stays above 690 for now, there's no need to worry too much. The night session is moving slowly, just as predicted in the previous post, using sideways consolidation to digest the pullback. This also shows the strength of the bullish momentum. However, this sideways movement can also lead to a reversal. If the price cannot break above 714, a breakdown of the support level could reverse the trend. The key today is whether it can stay above 714. Support is at 690 below; those looking to short should watch for resistance levels, and those adding to long positions should look for support levels. Refer to the chart for other details.
Second Bitcoin: The near-term range of 2100-2170 is somewhat strong, with the goal still to break above this range. Yesterday's attempt was unsuccessful. There was a test of 2038 in the early session, and after confirmation, bullish traders organized a rally, hoping to break above 2100 in one go. Otherwise, a series of whipsaws could shake confidence. The key now is whether 2100 can be broken. The intra-day support is at 2038; if broken, keep an eye on the 2000 level for potential support. (See the chart for details)$BTC
BTC-2,13%
View Original
post-image
post-image
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)