Major Focus Interview in the Cryptocurrency World on February 22nd
Preview for the Night Market on February 21st
1. Bitcoin, expected range 99800-98000, expected trend to rise and then fall;
2. Ethereum, expected range 2880-2780, expected trend to rise and then fall;
3. Tonight at 22:45, US Manufacturing PMI Data (expected to have little impact)
23:00, US February one-year inflation expectations final value (expected to be bearish)
Saturday 00:30 Vice President's comments on 'Central Bank Communication' (expected to have little impact)
Today's trend rebounded more sharply than expected, so the expectation for tonight's night market's highest price is raised.
The market has continued to rebound slightly over the last two days, which is a rebound after an excessive drop on Tuesday lacking bearish pressure; however, the price has already reached the upper limit of the daily range for Bitcoin and Ethereum, and tonight's inflation data at 23:00 is a potential bearish factor; therefore, the rebound may peak within today, and do not be overly optimistic;
【Outlook for the Coming Week】 Next week from 1st to 3rd, there are no major events, on 4th US GDP, on 5th PCE Price Index, are two potential bearish factors; the US Dollar Index has entered a downward channel, currently at the lower end of the channel, and is likely to see a rebound before next week (bearish for crypto);
If this indeed happens, it will lead to a sharp drop in Bitcoin and Ethereum. At that time, it will be an opportunity to build long positions.
Strategy —
Go long on pullbacks before 23:00; look at inflation data at 23:00, expected to be bearish, so prepare to short after a rise for now. (But be cautious of data not being bearish, which may lead to a sharp rise, respond based on actual trends)
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