Mu Feng looks at the trend: Interpretation of the market trend and operational ideas for the evening of 2/22.

CN
14 hours ago

The overall market for Bitcoin over the weekend is still leaning towards a range-bound adjustment. On the 12-hour level, the current KDJ and MACD are oscillating near the midline, with BOLL narrowing and flattening. The main chart's three-day moving averages are converging and oscillating. However, the K line has been pushed below the five-day moving average, so it is estimated that the short-term trend will mainly be sideways oscillation today, with not much operational space. According to the current technical indicators, the evening is still leaning towards range-bound oscillation with a slight downward trend. For short-term operations, it is advisable to treat rebounds as opportunities to short. Specific points of reference are as follows:

BTC: Short at 97000-97500, target 95000

ETH: Short around 2740-2770, target 2650

The above is my personal analysis of the evening market, for reference only. For those who are unsure about the trend and entry points in future operations, feel free to click on the profile picture to follow the homepage introduction. Welcome to exchange and learn together!

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