2.16 Bitcoin and Ethereum Analysis

From the 4-hour perspective, Bitcoin has experienced nearly 10 days of fluctuations, with the K-line price reaching a watershed at the 97000 level. In terms of pattern, a triangle formation has also emerged. Currently, the coin price has entered the final stage of fluctuation, and caution is needed as the price may break upwards at any moment. Personally, I am optimistic that the coin price will push towards the 100,000 mark again, and after reaching 100,000, it may decline. After all, the accumulation of chips at the 100,000 level is still very substantial, and there will inevitably be significant pressure above. In the auxiliary MACD indicator, the fast and slow lines have formed a golden cross and are overall trending upwards, having also broken through the zero axis. The RSI indicator values are all above 60, indicating a bullish trend. Overall, the coin price can currently operate long positions between 97500-97000, with a target near 100,000. Consider operating short positions near 100,000.

Strategy:

BTC: Current price of Bitcoin at 97500-97000 can be bought long, with a target near 99600, and consider reversing to short near 99600. The target is around 96000. The weekend market is moving relatively slowly, so positions may be held for several more days.

ETH: Ethereum, on the other hand, is relatively weak; support below at 2660 can be relied upon for long positions, with a target of 2780. $BTC $ETH #BNBChainMeme热潮