2.20 Morning Bitcoin Analysis


As the weekend approaches, market activity is becoming more subdued, and the trading range is likely entering a consolidation phase with narrowed volatility and slowed pace. Focus on risk management and precise entry points.
The current trend structure remains unchanged; the core strategy is still to short on rebounds. Avoid blindly chasing orders or engaging in prolonged battles.
Key resistance is at the 68,000 level; there is a high probability of encountering resistance if the price rebounds to this area.
The main support is at the 66,000 level; if the price falls back to this point, monitor the validity of support and potential oscillations.
Use a light position, quick entries and exits, strictly control entry and exit timing. Maintaining the rhythm is more important than chasing profits.
BTC1.31%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)