Daily Market Interpretation - BTC (02/20)

Market Analysis

From the 12-hour to daily chart, BTC has shown a positive trend over the past 5 days, but the overall price remains within the consolidation range of the past 15 days, without breaking the upper resistance or falling below the lower support. The overall trend is neutral, with no clear trending market at the moment. The current price is close to the 100,000 mark resistance zone, with short-term pullback risks; it is advised not to chase the price upwards.

From the 1-hour to 4-hour chart, the market has formed a standard head and shoulders bottom pattern, with the price rebounding after testing the right shoulder, approaching the upper resistance. Short-term operations should pay attention to taking profits and be wary of a sharp drop after a failed breakout; operations can be conducted in conjunction with the characteristics of the head and shoulders bottom pattern.

Trading Strategy

1. Short-term Resistance and Support:

• Short-term Resistance: 98182-99828 (Consider entering if there is a breakout with volume and a retest).

• Short-term Support: 96823-96150 (Head and shoulders bottom neckline; aggressive trading, can enter on a slow drop, do not enter on a sharp drop, quick in and out, only trade once).

• Second Support: 94153-92872 (Requires close monitoring).

2. Key Levels and Operations:

• Resistance Zone: 100,000 mark area; do not chase the price upwards before breaking through, actively take profits.

• Short-term Opportunities: Pullbacks after breaking the 100,000 mark, short-term rebounds from the head and shoulders bottom pattern.

• Low Long Opportunities: Low long positions at the original lower boundary of the consolidation range.

3. Alternative Levels:

• Low Probability Levels: 87127-84763 (Outside the current fluctuation range, regular fluctuations are difficult to reach; alternative pending orders, 1:2 ratio, valid in the near term).

Precautions

• It is recommended to execute point operations in batches to avoid combining positions.

• Short-term operations need to be flexible in response; during sharp declines, it is advised to observe, and during slow declines, light positions can participate.

• Continuously monitor market dynamics and wait for clear breakout signals or confirmation of pullbacks before proceeding with operations. #地缘政治对比特币的影响