2.17 Zhang Lihui: Bitcoin Market Analysis and Trading Suggestions:
After waiting for two days, the market still hasn't provided a significant rebound. The weekend market has continued to show low volatility. In the 1-hour chart, after the market fell below 97,000 yesterday, a slight rebound occurred. The current candlestick is positioned at the middle band of the Bollinger Bands, with attention on the upper band and EMA220 for resistance. If broken, we can continue to see MA380 and EMA300 providing opportunities for short positions. The volume below the 0 axis in MACD is very weak, and the fast and slow lines are still not showing a positive convergence, indicating that the bearish trend will likely continue.
In the 4-hour chart, the Bollinger Bands are still opening downwards, with clear resistance at the middle band over the past two days, which can continue to serve as a short entry point. The stop-loss can be set at EMA80 and the upper band, aligning with the 1-hour EMA80 resistance. Currently, there is support from the crossover of MA30 and MA60 below the candlestick, but this support is still not strong enough. The volume below the 0 axis in MACD continues to increase, and the death cross is still widening, so we continue to watch for a touch of the 0 axis.
On the daily level, the Bollinger Bands are narrowing and in a parallel state, showing no signs of opening, indicating that the coin price will not experience significant volatility. Attention should be paid to the upper band and EMA30 for resistance, and EMA80 and the lower band for support. We can continue to layout strategies around high shorts. The volume below the 0 axis in MACD is close to the 0 axis, and we will see if the fast and slow lines can successfully form a golden cross upon their first convergence. If divergence continues, the coin price may again fall back to the EMA120 and this month's low point, which is around 92,000, corresponding to the weekly lower band and EMA15. As long as the weekly chart does not stabilize at the middle band, we will continue to focus on high short strategies.
Today's Lihui Trading Suggestions:
Edited at 2:01 AM Beijing time on February 17: It is recommended to continue light shorting in the range of 97,600-98,200, with a stop-loss at 98,800! The target is set at 96,900-95,800; if it breaks below the 95,700-95,500 range, it can be held until around 94,300 depending on the breakout situation.
For low long positions, it is necessary to stabilize at the weekly middle band or consider layout after a significant drop; specific entry opportunities can be based on real-time notifications from Lihui!
There may be delays in article review and push notifications, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, with real-time notifications as the standard. The suggested points in the article are for reference only; please do not operate with heavy positions. When entering, please set take-profit and stop-loss levels, 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 Official Account: Zhang Lihui) for reference only, and the risk is borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges and willing to explore. As the saying goes, "The road ahead is long and has no ending; yet high and low I'll search with my will unbending." I hope we keep pace with the times, absorb wisdom, travel thousands of miles, weather storms, and gain insights into life.
May you, under Lihui's guidance, leverage strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intentions. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and jointly compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey full of challenges and opportunities!
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