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 26, 13:54 Beijing time
Market Information
- XRP and BNB rise, Bitcoin aims for $90,000 after a disastrous defeat on Tuesday;
- Former Coinbase CTO: Tariffs may harm the U.S. economy but are favorable for cryptocurrency;
- Bernstein reiterates Bitcoin's $200,000 target, seeing buying opportunities during market adjustments;
- If the U.S. Congress passes the stablecoin bill, it may trigger a "issuance wave" in the banking system, leading to a large influx of funds into the crypto market;
- Due to the uncertainty of Trump's tariffs impacting the market, Bitcoin has fallen to its annual low amid cryptocurrency sell-offs;
Market Review
Yesterday, I reminded everyone to pay attention to the daily closing situation. Bitcoin's lowest point was at 86020, then it closed at 88639, basically receiving support above 87700. It did not directly reach 91000 yesterday. After testing support, today we can consider going long; Ethereum is similar, further declining with a lowest point at 2312, then closing at 2533. The daily line also closed, and going long after the close was the plan from yesterday. Now the market has moved out, and long positions are entering rapidly;
Market Analysis
BTC:
From the daily chart, Bitcoin rebounded to 110,000, and the support level after the decline is around 87000. The previous few declines were just close to this level, but this wave of decline directly tested it, and the support was successfully defended. Bitcoin's daily line closed, although not a doji, but a bottoming signal also appeared on the 4-hour chart. Near the support, it is possible to try long positions. The bearish sentiment from this decline is basically over, and the rebound strength will also be relatively strong. In trading, just focus on going long. Recommended entry point is around 88500, add positions at 87000, stop loss at 86000, and the initial target is 95000. If it breaks through, look at 98000-100000. It is recommended to use light positions for layout; manage your own entry. For short-term trading, control risks and manage your own profits and losses;
ETH:
From the daily chart, Ethereum's daily closing is stronger than Bitcoin, forming a doji. Yesterday, I also reminded everyone to pay attention to the daily closing situation for layout. The low point of the decline is also the low point of the previous consolidation area. After testing the low point, the market will start to rebound. In Ethereum trading, also prepare for long positions. The upward momentum of Ethereum may not be as strong, so we won't set our targets too high. If it breaks through 2860, then look at 3000. Recommended entry point is around 2480, add positions at 2380, stop loss at 2300, target 2860, and if it breaks through, look at 3000. It is recommended to use light positions with stop loss; manage your own entry. For short-term trading, control risks and manage your own profits and losses;
In summary:
Both Bitcoin and Ethereum have successfully defended their support levels, directly bottoming out;
The article is time-sensitive, pay attention to 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, if you have a 50% certainty, don’t act; if you have 70% certainty, don’t act; you must wait for 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 receive love in return; those who bring blessings receive 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 be too rigid with your position, lower your position a bit, and then get in first. At worst, it will reverse.
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