February 25th BTC/ETH Market Strategy


A single arrow piercing the clouds brings thousands of troops to meet. Known news: The US and Iran are expected to hold a new round of negotiations in Geneva on the 26th; the 6th round of China-US trade talks is anticipated; the US president is expected to visit China in March. Ideally, if these expectations all come to fruition smoothly, then a "big surge is unimaginable." The biggest fear is loud thunder with little rain, so just join the fun. The arrow has already been shot; whether the key double bottom pattern for BTC/ETH can form depends on whether the right side can break above the key point. Breaking above signals a new trend; failing to do so is just joining the crowd.
BTC: Last night, I indicated a warning signal of a pullback after the platform broke down. Currently, 63900-64900 is the starting point of the arrow, regarded as intraday support, and a good entry point for averaging down. The first resistance above is near 67150; once surpassed, look toward the major resistance zone at 69000-71400. Keep an eye on whether there is any supportive news. In short, the right-side signal has appeared. Trust it first, then verify. Minimize subjective guesses and operate based on the signals.
ETH: Last night, I pointed out that the signal has already appeared, and consider adding positions to fight the dip. During the night session, the price hovered above the first chip platform (A) and then formed another chip platform (B). Early in the session, it broke through region B. According to the support and resistance conversion principle, region B is the intraday support, as long as it can stabilize here. Look ahead to the important watershed at 1965; between 1940-1965, a lot of time was spent during the Spring Festival holiday organizing, and many trapped chips remain. Breaking through this level is a strong signal of bullish momentum. Subsequent targets are hopeful at 2000-2015 and then 2100-2139. In summary, look for a retracement to the B area to add to the dip, watch the performance around 1965. If the first wave reaches here, consider short-term buying (countertrend trading must have good defense). Subjectively, I am optimistic about ETH breaking through 1965. $BTC
BTC7,52%
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