2.18 Afternoon Bitcoin and Ethereum Market Strategy In-Depth Analysis
Do not worry about having no friends on the road ahead; there are like-minded companions on the investment journey. Good afternoon, friends! I am the King of Coins from the Coin Victory Group. Thank you all for coming here to watch the King’s articles and videos, and I hope the brothers who have been following the King will return.
**Click the link to watch the video: **https://www.bilibili.com/video/BV1qDAbeGEa4/
I. Review of Previous Strategies and Profit Situation
In the article analysis on the afternoon of February 17, we accurately provided the long and short strategies for Bitcoin and Ethereum. For Bitcoin, we suggested a long position at 9.56/9.5 and a short strategy at 9.7; for Ethereum, we proposed a long position at 2660 and recommended following Bitcoin's short strategy. These strategies proved to be effective, with long and short positions gaining 2000/150 points respectively. Congratulations to all friends who followed the operations. Currently, the market has entered a short-term weak oscillation phase, and we will provide detailed follow-up operational analysis.
II. In-Depth Analysis of Bitcoin Market
(A) Daily Level Analysis
From the daily chart, Bitcoin continues to operate below the MA5/10-day moving averages. It is noteworthy that the MA120-day moving average is continuously being revised upwards, and it is expected that the Bitcoin price will touch this support line. The MA120 moving average has significant reference value in technical analysis, often representing the medium to long-term market average cost and trend. If Bitcoin can gain effective support upon reaching this moving average, it may trigger a rebound; conversely, if it falls below this support, the market may further decline.
(B) 4-Hour Level Analysis
Reviewing yesterday's market, the rebound trend was consistent with our previous analysis expectations, retreating after hitting the MA30/60-day moving average resistance. Currently, in the short term, this resistance level is at 9.68. When the market encounters significant moving average resistance, selling pressure often increases, making it difficult for prices to break through. Therefore, it is crucial to monitor whether Bitcoin can break through and stabilize above 9.68, as this will be a key signal for judging the subsequent market trend.
(C) 1-Hour Level Analysis
From the 1-hour level observation, the short-term key resistance level is at the MA256-day moving average, also at 9.68. This means that for Bitcoin to break upwards in the short term, it must overcome this resistance barrier. Once successfully broken, the market's short-term trend may change, and bullish momentum is expected to be further released; conversely, if multiple attempts to break through fail, Bitcoin's price may continue to maintain a weak oscillation or further decline.
III. In-Depth Analysis of Ethereum Market
(A) Daily Level Analysis
From the daily chart, yesterday Ethereum closed with a red candlestick with an upper shadow. The appearance of the upper shadow indicates that the price encountered strong resistance during the upward movement. Yesterday, Ethereum's price rose to the 4-hour MA120-day moving average resistance before starting to retreat, and this resistance effectively suppressed the price.
(B) 4-Hour Level Analysis
Currently, Ethereum has once again retreated to near the MA60-day moving average on the 4-hour chart. It is essential to focus on the effectiveness of the small support at 2670 during the day. If this support can hold, Ethereum's price may rebound from this level; if the support is broken, the market may further search for new support points.
IV. Afternoon Operational Thoughts (Written at: 14:00)
(A) Bitcoin (BTC)
· Short Strategy: It is recommended to open a light short position at 9.6. If the price rebounds to 9.68, then increase the short position, targeting 9.5/9.4. This strategy is mainly based on the multiple resistance levels Bitcoin is currently facing and the weak oscillation pattern of the market. Shorting near the resistance level can yield profits during market corrections.
· Long Strategy: Consider participating in long positions at 9.4/9.3. When the price falls back to this area, it may receive support from the MA120-day moving average, potentially triggering a rebound. Entering long positions at this time may yield profits during the price rebound.
(B) Ethereum (ETH)
· Short Strategy: Lightly short at 2700, and if the price rises to 2750, then increase the short position, targeting 2650/2600. This is because Ethereum is currently facing significant pressure, and shorting near key resistance levels can capture market downturn opportunities.
· Long Strategy: It is recommended to follow Bitcoin for short-term operations. Since Bitcoin and Ethereum have a certain correlation in market trends, determining Ethereum's long opportunities based on Bitcoin's movements can reduce operational risks to some extent.
It is important to remind that the virtual currency market has a high degree of uncertainty and volatility. The above analysis and strategies are for reference only. Investors must carefully assess risks when trading and make reasonable decisions based on their risk tolerance and investment goals.
This article is independently written by the Coin Victory Group. Friends in need of current price strategies and solutions can find the Coin Victory Group online. Recently, the market has been mainly oscillating, accompanied by intermittent spikes, so when making trades, remember to control profit-taking and stop-loss. In the future, when facing significant market data, the Coin Victory Group will also organize live broadcasts across the internet. Friends who wish to watch can find the Coin Victory Group online.
Mainly focused on spot, contracts, BTC/ETH/ETC/LTC/EOS/BSV/ATOM/XRP/BCH/LINK/TRX/DOT
Specializing in styles, mobile locking strategies revolve around high and low support and resistance for short-term fluctuations, medium to long-term trend positions, daily extreme pullbacks, weekly K-top predictions, and monthly head predictions.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
