Trader Gege: It just takes one last push to break the deadlock 2.21 Bitcoin and Ethereum market analysis

CN
1 day ago

Everyone's path to success may be different, but success requires every person who wants to succeed to work hard and strive. Every successful path is filled with obstacles, and only those who firmly believe in their goals and continuously work hard and fight can achieve ultimate success.

The market is chaotic; be patient and wait. I hope that friends in the crypto world: ride the waves without getting your shoes wet, buy the dip without catching a falling knife, and meet at the peak on the road to wealth!

Hello everyone, I am trader Gege. Continuing from the last time, the market for Bitcoin continues to rise slowly. After breaking through the 98,000 line in the early morning, the Asian and European sessions entered a high-level consolidation for more than 10 hours. After a spike at 5 PM, it again entered a slow upward consolidation. Perhaps after a slow rise, when the US stock market opens, there will be another small drop of around 1,000 dollars before entering an upward consolidation again, as there have been several such occurrences in the recent market.

The daily level has broken through the middle track, and the current market is testing near the upper track. The Bollinger Bands are narrowing, and we need to observe whether a strong bullish candle can open the upward channel of the Bollinger Bands. The entry points for the upward trend mentioned in previous articles can still be retained, waiting for the market to present a worthy opportunity. The 4-hour technical structure continues to lean bullish from yesterday. Currently, it has broken through the EMA200, so a pullback to the MA7 and MA14 area can be a buying opportunity, as long as it does not break the 97,000 line. Above, we can look to short around the 100,000 mark.

The market for Ethereum is moving a bit slower. We still need to see if the upper boundary of the range can be substantially broken. If it breaks, we can look for short resistance below 3,000; otherwise, it remains the same, with not much to say. It really is just a consolidation for a day or two, with spikes lasting three minutes. The 4-hour candlestick is twisting into a braid; although it looks bad, on the other hand, it also indicates that a big fluctuation is getting closer after the consolidation. No break, no stand; if it breaks, we will talk then.

Short-term suggestions for Bitcoin on February 21: Short at the 99,800-103,000 line, Long at the 98,000-97,500 line, with a stop loss of 600 points, looking for 1,000-2,000 points.

Short-term suggestions for Ethereum on February 21: Short at the 2,880-2,910 line, Long at the 2,760-2,730 line, with a stop loss of 50 points, looking for 80-120 points.

These suggestions are for reference only. Please manage your risk when entering the market, and control your profit and stop-loss space as you see fit. Specific strategies should be based on real-time conditions; feel free to consult.

Alright, friends, we will say goodbye until next time. I wish everyone continued success and smooth sailing in the crypto world! More real-time suggestions will be sent internally. Today's brief update ends here. For more real-time suggestions on Bitcoin and Ethereum, find Gege.

Written by/ I am trader Gege, a friend willing to accompany you in your resurgence.

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。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink