2/19 Daily Market Analysis - BTC

Daily Trend Analysis

From the daily trend perspective, Bitcoin's price remains in a range of $94,000 to $100,000, with clear upper and lower boundaries. Currently, the overall market volatility is low, but there is strong support near $94,000, while $100,000 is an important psychological resistance level.

Short-term Trend Analysis

1. 4H to 12H Level: The candlestick shows some positive signals after forming a pin bar, but the upward pressure remains significant. The current price is close to the resistance area of $100,000, and short-term traders should take profits proactively to avoid chasing highs.

2. 1H and Below Levels: The short-term trend has reached a resistance level, and the candlestick structure shows a 'Head and Shoulders Bottom' pattern. If the price retraces to the trend line of the left shoulder, it can be seen as a short-term opportunity for quick entry and exit.

Price Level Analysis

1. Short-term Support Levels:

• $95,192 - $94,380: Suitable for short-term operations. If the 1H level aligns with the lifeline strategy, one may pre-position a primary position with a suggested tail ratio of 1:2.

• $93,110 - $92,268: This is the second support level and can be considered a more stable low buy point.

2. Short-term Resistance Levels:

• The resistance level above the current range is referenced at $98,182 - $99,828. If the price breaks out with volume and confirms with a retracement, one may consider entering the market.

3. Alternative Price Levels:

• $87,127 - $84,763: This is a low-probability level, not within the current volatility range, but can be considered as an alternative, placed at a ratio of 1:2.

Market Dynamics and Risk Warning

1. Market Sentiment: Although Bitcoin's price is fluctuating slightly, the overall confidence in the market is strong, and recent large liquidations have not triggered a significant decline.

2. Macro Factors: High inflation data from the U.S. and macroeconomic headwinds exert some pressure on market sentiment, but Bitcoin's long-term trend is still influenced by institutional investors and the ETF market.

3. Operational Suggestions: Short-term operations should focus on quick entries and exits, avoiding excessive chasing of highs. Medium to long-term investors should pay attention to trend changes following a breakthrough at $100,000.

In summary, Bitcoin is currently in a range-bound phase, requiring flexibility in short-term operations, while medium to long-term focus should be on the breakthrough of key resistance levels.