Daily market analysis - BTC (02/20)

Market analysis

From the 12-hour to daily trend, BTC has been performing positively in the past 5 days, but the overall price is still in the range of fluctuations in the past 15 days. It has not broken through the upper pressure, nor has it fallen below the lower support. The overall trend is neutral, and there is no clear trend. The current price is close to the pressure zone of 100,000. There is a risk of short-term correction. It is recommended not to chase the rise.

From the 1-hour to 4-hour trend, the market forms a standard head and shoulders bottom pattern. The price rebounds after stepping back on the right shoulder and approaches the upper pressure. Short-term operations need to pay attention to stop-profit, and be wary of the risk of a sharp drop after a failed breakthrough. Operations can be combined with the characteristics of the head and shoulders bottom pattern.

Operation strategy

1. Short-term suppression and support:

• Short-term suppression: 98182-99828 (if the volume breaks through and steps back, you can consider entering the market).

• Short-term support: 96823-96150 (head and shoulders bottom neckline, aggressive operation, slow decline can enter, sharp decline can not enter, fast in and out, only operate once).

• Second support: 94153-92872 (need to watch the market operation).

2. Key points and operations:

• Suppression zone: 100,000 mark area, do not chase the rise before breaking through, take the initiative to stop profit.

• Short-term opportunities: retracement after breaking through the 100,000 mark, short-term rebound of the head and shoulders bottom pattern.

• Low-long opportunities: low-long at the lower track of the original oscillation range.

3. Alternative points:

• Low-probability points: 87127-84763 (not the existing fluctuation range, regular fluctuations are difficult to reach, alternative pending orders, 1:2 ratio, effective in the near future).

Notes

• It is recommended to operate in batches to avoid merging positions.

• Short-term operations require flexible responses. It is recommended to wait and see when the market drops sharply, and to participate with a light position when the market drops slowly.

• Continue to pay attention to market dynamics and wait for clear breakthrough signals or confirmation of pullback before operating.