【In the past 24 hours, as BTC broke through 57,000, there has been a redistribution of 2 billion CNY in the market, with 71,862 people's assets reset!】
February 28, 2024, 8:48 AM BTC/ETH Market Analysis
The market was exceptionally fierce yesterday, with the highest price of BTC reaching 57,780. After reaching a new high, there were even more new highs. This upward trend that started in October last year is no less than the trend that started in August 2020. The bull market has no definite peak, and the bear market has no definite bottom. If someone has been guiding you to guess the bottom in 2022 and guiding you to guess the peak in 2023/24, then we must be cautious of such individuals, because this kind of thinking will subtly influence your expectations of the market. However, you must understand that your expectations are not the market's expectations, and your expectations are not Wall Street's expectations!
Today's BTC Focus
Support: 54,600/53,200/51,100/49,000
Resistance: 57,500
Pay attention to the breakthrough and resistance of 57,500. The support level can be speculated for long positions, but the resistance level does not mean an empty market. If you can't handle it, then you definitely should not go short, especially in the absence of a black swan event in the market. At this moment, the opportunity is given to the stagnant altcoins, which have a higher cost performance!
ETH Focus
Support: 3,000/2,851/2,403
Resistance: 3,400
Similar to BTC, there is currently no pressure from above, like a dragon entering the sea, freely soaring and galloping. In other words, there is a high probability that those who are currently speculating on long and short positions at this price level will be caught in both long and short positions! Pay attention to the outbreak opportunities of altcoins! The rise of BTC and ETH has made it impossible for at least half of the market to reach them! 
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