Preface: Investment carries risks, and operations should be cautious.
Article review takes time, and there may be delays in publication. The article is for reference only, welcome to read!
Article writing time: February 25, 16:35 Beijing time
Market Information
- Opinion: Multiple factors are driving liquidity down, leading to this round of sharp decline;
- Yesterday, the net outflow amount of spot BTC ETF reached a new high in nearly a month;
- Zhu Su: The current market is bullish selling, with value shifting to increasingly better tokens;
- Today's Fear and Greed Index dropped to 25, a new low since September 2024, with the market turning to a state of extreme fear;
- Bitfinex report: Bitcoin trading has become volatile, and major crypto assets have entered a correction phase;
Market Review
Bitcoin has declined due to multiple factors, directly breaking below the previous low of 88664, with the lowest point at 88181. The previously set short position was stopped out in the volatile range, with a stop loss of about 1300 points. Those who set long positions above have lost a bit more, with Ethereum stopping out around 70 points, all breaking the volatile range. Once the range is broken, the market will accelerate. Coupled with other reasons, Bitcoin has directly refreshed its low. Although the decline is sharp, Bitcoin is still at a high level, and traders should wait for opportunities to set long positions;
Market Analysis
BTC:
From the daily chart, although Bitcoin has declined rapidly, it is still at a high level. The support level for Bitcoin in this wave is around 87700, and this decline has not broken it. The market is now approaching this support level, and a long lower shadow has appeared on the 4-hour closing line. One can try to set long positions near this support. The previous expected rebound may occur tonight or tomorrow, but before the rebound occurs, a decline has already taken place. Now that the decline is basically at support, if the market does not break, it will start to rebound. It is recommended to set long positions in the morning when the daily line closes with a lower shadow, and positions can be set around 91000. If it does not close above, continue to observe and look for opportunities. If entering the market, set a stop loss at 88000, with a target around 95600, manage your own entry; for short-term trading, control risks and manage profits and losses independently;
ETH:
From the daily chart, Ethereum's decline has only reached the bottom of the dense trading range below before stopping, without further probing downwards. The lower 4-hour line also closed with a long lower shadow, indicating that Ethereum has also shown signs of a bottom rebound. In trading, we will also set long positions based on the daily line trend, recommending a point near 2485. If the daily line closes positively, open long positions, with a stop loss at 2400 and a target around 2850. If the daily line cannot close positively, look for opportunities to set long positions again; manage your own entry opportunities; for short-term trading, control risks and manage profits and losses independently;
In summary:
Although the decline is sharp, it has only dropped to the bottom of the volatile range, and one can open long positions upon closing;
The article is time-sensitive, be aware of risks, the above is only personal advice, for reference only!
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 is there 100% certainty in the market? Trading is about trading risks, trying to make probabilities stand on your side. Those who give love receive love in return; blessings come to those who give blessings. Sometimes, learn to take a little loss, be a bit foolish, a bit silly. For example, if the market is bullish, once this is confirmed, don’t get too stuck on the position, lower the position a bit, and then get in first; if it reverses, so be it.
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