Thursday morning on 2.26, BTC/ETH analysis and sharing
From a 4-hour perspective, yesterday's market bottomed out and rebounded, briefly surging to the 70,000 level. However, due to the inability to effectively break through this key resistance level, the previous downward structure has not been completely reversed. This also reflects that selling pressure above remains heavy, and market enthusiasm for chasing gains is weak.
The overall market shows a V-shaped reversal, with bulls and bears still engaged in fierce competition. After testing the support, the bulls quickly launched a counterattack, driving the rebound; Bitcoin also moved in tandem to recover, with the rebound high reaching around 2150. However, after hitting 70,000, the upward momentum weakened, indicating clear resistance above. Overall, the short-term market is likely to experience oscillation and pullback, probably moving towards the middle band of the BOLL to seek support.
Trading suggestions: Bitcoin (BTC) in the 68,600-69,100 range for consolidation, target 66,500 Ethereum (ETH) in the 2,070-2,090 range for consolidation, target 1,930
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Thursday morning on 2.26, BTC/ETH analysis and sharing
From a 4-hour perspective, yesterday's market bottomed out and rebounded, briefly surging to the 70,000 level. However, due to the inability to effectively break through this key resistance level, the previous downward structure has not been completely reversed. This also reflects that selling pressure above remains heavy, and market enthusiasm for chasing gains is weak.
The overall market shows a V-shaped reversal, with bulls and bears still engaged in fierce competition. After testing the support, the bulls quickly launched a counterattack, driving the rebound; Bitcoin also moved in tandem to recover, with the rebound high reaching around 2150. However, after hitting 70,000, the upward momentum weakened, indicating clear resistance above. Overall, the short-term market is likely to experience oscillation and pullback, probably moving towards the middle band of the BOLL to seek support.
Trading suggestions:
Bitcoin (BTC) in the 68,600-69,100 range for consolidation, target 66,500
Ethereum (ETH) in the 2,070-2,090 range for consolidation, target 1,930