2.10 Zhang Lihui: Bitcoin (BTC) Market Analysis and Trading Suggestions:
The weekend market was no exception; after waiting for two days, the price of Bitcoin still did not show a significant rebound. Last night, the price once again retraced near the 95600 parallel support level. Currently, the 1-hour Bollinger Bands are still narrowing downwards, with the upper band, like yesterday, pressing below the EMA120 line. The high point within yesterday's range is also in this area, so today's first resistance for a rebound can still be considered in this range, with the upper levels reserved for EMA300 and EMA220 parallel downward second-level resistance. The MACD continues to shrink below the 0 axis, and the fast and slow lines are once again converging, so we can continue to wait for a retracement to open short positions.
On the 4-hour chart, the Bollinger Bands seem to be ending the downtrend and are in a parallel trend. During the day, attention should be paid to the upper band and the EMA30 overlapping resistance. If this position cannot be effectively broken, the market will continue to oscillate within the range, and yesterday's high will continue to act as resistance. If broken, we can see the EMA60 position; the lower target can focus on whether the lower band and flat support position can break. The MACD shows a reappearance of volume above the 0 axis, and the fast and slow lines are also converging. Lihui believes that the bearish trend will continue further.
From the daily level, the Bollinger Bands are starting to narrow, with the middle band pressing down significantly in recent days, approaching the 98000 position, forming strong resistance with the EMA30. The recent rebound high points have all formed a pullback in this range, so it can still serve as a defensive point for short positions. The lower break point still looks at the EMA80 position; if broken, it is highly likely to reach the lower band position, which is below 94000. Attention should be paid to the volume and convergence pattern below the daily 0 axis in conjunction with the short-term rebound strength.
Lihui's trading suggestions for today:
Edited by Lihui at 1:28 AM Beijing time on February 10, 2025: It is recommended to continue to lightly short above 97300, with a stop loss of 500 points; reserve the daily range of 98200-99300 for a second short entry, with a stop loss of 500 points; the short-term target is initially set at 96100-95700, and if it breaks 95600-95000, it can be held; short-term longs can be arranged according to real-time market changes!
There may be delays in article review and push notifications; the market changes rapidly, and specific entry opportunities must be combined with actual operations. The suggested points in the article are for reference only; please set take profit and stop loss when entering, and take profits when favorable!
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. I welcome comments and messages from those who are not familiar with trading!
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This article is exclusively published by (WeChat public account: Zhang Lihui) and does not represent any official position. There may be delays in article publication and review; the above points are for reference only, and risks are borne by the reader! May we always carry humility and courage in this complex cryptocurrency world, unafraid of challenges and daring to explore. Just as one travels thousands of miles, "The road is long and has no end; I will search up and down." May we read thousands of books, keep pace with the times, and draw from the fountain of wisdom. Travel thousands of miles, experience wind and rain, witness scenery, and gain insights into life. May you, under Lihui's guidance, receive advice and create value together. May we always remember the baptism of the market, stay true to our original intentions, and achieve our goals. In this wave of digital currency, hold on to faith with Lihui, remain resilient, and forge ahead. May we, hand in hand, compose a brilliant future and share the joy of success. Let us gather in the turbulent world of digital currency, not waste our youth, and create brilliance together. Lihui wishes to embark on this investment journey filled with challenges and opportunities with you.
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