February 18th Market Analysis

The market continues to hover in a state of fluctuation. The price of the cryptocurrency frequently oscillates around the 95,000 mark, repeatedly testing but ultimately failing to effectively break through this critical line of defense. This behavior indirectly reflects that, in the absence of negative news, market participants are more cautious, unwilling to easily push prices downward. The price movement of Ethereum is also in line with expectations, as its previous upward trend has entered a stable phase after experiencing a correction. Although the overall market appears slightly fatigued, there has not been a sustained significant decline.

From the four-hour candlestick chart, the small bullish candle at the end of the trading session breaks the pattern of consecutive bearish candles, bringing a slight positive signal to the market. Additionally, the price quickly stabilized after reaching the low of 95,000, highlighting strong support at this level. Meanwhile, the Bollinger Bands indicator is gradually flattening, indicating that market volatility will tend to ease. Considering the current situation, if there are no new negative factors interfering, the subsequent market is expected to maintain a fluctuating trend around this support level, and the golden cross formed by the KDJ indicator also provides technical support for this viewpoint. Based on this, today's strategy remains to sell high and buy low, primarily focusing on an upward movement after a pullback.

Buy near 95,000-94,500, target

97,000-95,000

Buy near 2,680-2,710 for Ethereum, target around 2,780, 3,250, 3,165, 1,643, 2,546, 4,864, 3