Preface: Investment carries risks, and operations should be conducted with caution.
Article review takes time, and there may be delays in publication. The article is for reference only, and you are welcome to read!
Article writing time: February 21, 11:25 AM Beijing Time
Market Information
- The Vice Chairman of the Federal Reserve responds to the controversy over crypto de-banking: emphasizes maintaining a neutral stance;
- The European Central Bank explores the use of digital ledgers for settling central bank currency transactions;
- A stablecoin regulatory framework bill submitted by U.S. Republican senators gains more bipartisan support;
- The U.S. SEC establishes a network and emerging technologies division to protect retail investors;
- As investors digest the Federal Reserve's inflation concerns, Bitcoin rises slightly;
Market Review
Previously, it was indicated that Bitcoin would test support below, and after the support proved effective, there would be a slight rebound opportunity. As of now, Bitcoin has reached a peak of 98,662. After reaching the target range, it did not continue to rebound. Bitcoin has gained over 3,000 points in the short term. Although Ethereum did not reach 2,850, it peaked at 2,770, yielding about 170 points in profit. Ethereum's upward momentum is slightly weaker; those following long positions can exit at their discretion. Congratulations on a small profit in the short term; currently, the price has reached the upper range near the high point, and future market movements should focus on resistance levels.
Market Analysis
BTC:
Looking at the 4-hour chart, Bitcoin has made an upward move but has not broken the consolidation range. The upper resistance still exists, and the market has not provided any effective positive news. After exiting long positions in the short term, focus on whether the high point can break. Pay attention to whether it can stabilize at the 100,000 level, where there is also pressure from the 200-day moving average, which is significant. For short-term trading, we should maintain a consolidation mindset. If it breaks, we can make new arrangements based on the trend. A light short position can be initiated around 98,400, with a stop loss recommended at 100,000 and a target of 96,000-95,500. If it breaks 100,000, abandon the short position, as the market will have broken the consolidation range. Future trades can be made based on the trend; manage your entry opportunities. For short-term trading, control risks and manage your own profits and losses.
ETH:
Looking at the 4-hour chart, Ethereum's rebound is relatively weak, not rising as high as Bitcoin. Overall, it is still in a consolidation trend, with neither upper resistance nor lower support being broken. We will not make excessive speculations; just follow the consolidation trend. Pay attention to breaking the upper resistance at 2,860 and the lower support at 2,560. This is the range of consolidation. For trading strategy, if Ethereum reaches around 2,860 and closes with an upper shadow in 4 hours, consider shorting. If it stabilizes above 2,860, wait for a line change and use 2,860 as support to go long. Trade flexibly based on the trend, with a stop loss set 70-80 points from the entry point and a target of at least 150 points. Manage your entry opportunities. For short-term trading, control risks and manage your own profits and losses.
In summary:
Both Bitcoin and Ethereum are operating within a consolidation range, and trading should continue to favor high shorts and low longs.
The article is time-sensitive; be aware of risks. The above is only personal advice and for reference!
Follow the WeChat public account "Crypto Lao Zhao" to discuss the market together;
The root of all suffering is the pursuit of certainty. Impermanence is the norm and the way life should be. Always wanting to grasp the market, not acting on a 50% certainty, not acting on a 70% certainty, must wait for a 100% certainty—where in the market is there 100% certainty? Trading is about trading risks, trying to make the odds stand on your side. Those who give love will receive love in return; those who bring blessings will receive blessings. Sometimes, learn to take a little loss, be a bit foolish, a bit clumsy. For example, if the market is bullish, once that is confirmed, don’t get too stuck on the position, reduce your position size a bit, and then get in first; if it reverses, so be it.
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