2026-02-21 04:50:06

2/21 Midday Bitcoin Public Strategy

Hourly-level oscillation and convergence, not breaking above 68,500 or below 67,450, first observe the range-bound movement.
• Hourly level: lows are rising but not making new highs; resistance at 68,500 tested 4 times without breaking, indicating potential exhaustion of the bulls

• Pattern: Triangle convergence, neckline at 67,450; a break below suggests support at 66,740

• Oscillation range: 66,580–68,230, only exit the range upon a breakout

Trading suggestions: Breakout with volume and hold steady ➕
• Long position: Break above 68,320 → target 69,250–70,060
• Short position: Drop below 67,480 and fail to recover on rebound → target 66,170–65,150
• No breakout or breakdown, avoid chasing orders, operate within the range with light positions

BTC0,25%

View Original

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.

1 Likes