February 17

Market Report by the Guy

Yesterday, BTC remained in consolidation, with a correction in the early morning, showing no significant volume increase. A divergence pattern has appeared on the daily chart, so pay attention to changes in volume and wait for a breakthrough at the resistance level. The expectation for the day is continued consolidation, and consider following up at the support level during the pullback. The long-term outlook remains unchanged; the bull market is still on.

ETH is consolidating in sync with BTC, with a slight pullback. The daily chart is nearing the end of a repair phase, and the 4-hour chart is returning to a healthy trend, with the market gradually stabilizing. The expectation for the day is continued consolidation, and consider following up at the support level during the pullback.

The altcoin sector is consolidating in sync with the mainstream, with the secondary market still quite sluggish. Patience is required. Recently, it is advisable to pay more attention to the BSC chain situation. A new round of MEME market may start on the BSC chain, and it is worth watching BSC-related coins in the secondary market. During the pullback, consider following up. For altcoins that have already been purchased, be patient and wait for the market to warm up.

Fundamental news: None available

Primary market information:

Pay attention to the MEME situation on the BSC chain, looking for new opportunities for explosive growth in low-quality coins.

After the DOGECAST release, wait for follow-up positive news.

Today's mainstream coin support and resistance:

For today's market, BTC has support at 95,500-96,000 and resistance at 97,500-98,000. ETH has support at 2,600-2,650 and resistance at 2,720-2,770.