February 20
Report by the Handsome Guy
Yesterday, BTC maintained consolidation with a slight increase, and there was no significant volume. A divergence pattern has appeared on the daily level, so pay attention to changes in volume. A rebound is not far off; wait for a breakthrough at the resistance level. Recently, focus more on macro news. The expectation for intraday trading is continued consolidation; support levels during pullbacks may be considered for follow-up. The long-term expectation remains unchanged, and the bull market continues.
ETH is consolidating in sync with BTC, with a slight increase. The 4-hour trend remains healthy, and the daily level has begun to oscillate upwards. The market is gradually stabilizing, and the expectation for intraday trading is also consolidation; support levels during pullbacks may be considered for follow-up.
The altcoin sector is consolidating in sync with mainstream coins, and the secondary market remains relatively sluggish. Be patient and wait. Recently, pay more attention to the BSC chain situation on-chain. A new round of MEME market may start on the BSC chain. In the secondary market, focus on coins under BSC; consider following up on pullbacks. For altcoins already acquired, be patient and wait for the market to warm up.
Fundamental news: None
Primary market information:
Pay attention to MEME situation on the BSC chain and seek opportunities for the next round of 'dog' explosions.
Wait for subsequent good news after DOGECAST is released.
Intraday mainstream coin support and resistance:
For today's intraday market, BTC support is at 95,500-96,000, and resistance is at 97,500-98,000. ETH support is at 2,650-2,700, and resistance is at 2,800-2,850.