25/02/21BTC broke through 99,000 as expected, and the daily line was under pressure near the downward trend. Pay attention to the risk of callback in the short term
The US stock market has fallen sharply at the opening for two consecutive days. The Dow fell 1.01% yesterday and fell 0.8% at the opening today. The US stock market has been fluctuating at a high level for several weeks and has not broken through yet. This also makes the son feel uneasy. I am afraid that it will bring down the big cake, but the opening time of the US stock market in the past two days has brought down the big cake and quickly recovered, showing a relatively strong performance. I will continue to pay attention to the trend of the US stock market in the future.
Recently, Trump plans to visit Fort Knox, Kentucky to inspect the gold reserves, and also said that he would investigate whether anyone has stolen the gold stored there. Previously, Musk, the head of the U.S. government's efficiency department, questioned the authenticity of the U.S. gold reserves and hinted that he would audit the Fort Knox vault, which aroused widespread attention and discussion. The U.S. has been buying gold in the market, worried that Trump may impose tariffs on precious metal imports, causing importers to ship a large amount of gold to the United States in advance to avoid risks. Recently, gold has hit a record high. Pie is also one of the safe-haven products, but I am afraid that if it rebounds in the short term, many people will suffer heavy losses.
Earlier, I was analyzing the US stock market, and when I looked back, my house was robbed. Damn, Bybit was hacked for 1.5 billion USD in ETH. The market plunged more than 2000 points and then recovered to around 98500. Ever since I got into the crypto world, I thought it was like 'Empresses in the Palace', but it turns out it has always been 'Infernal Affairs'.
Bitcoin's rebound broke through 99000, reaching a maximum of 99475, which is below the daily descending channel and also the pressure of 100000 and the upper BOLL line. The short-term performance is affected by the US stock market, and coupled with the theft incident, the weekend will first look for a fluctuating rebound that cannot break through the high point above 100000.
Bitcoin
Bitcoin rebounded to 99475, near the daily descending trend, facing pressure, and also affected by the decline in the US stock market opening, which means it will likely pull back in the short term, with a minimum that should not fall below 96800; otherwise, it will be dragged down by the US stock market.
The daily rebound is under pressure from the upper BOLL line and trend line, and it just happens to be below 100000. 96800 is the strong support from last night; if it is broken, the risk increases. If it holds, there is still a chance for a fluctuating rebound upwards.
Support: 95000—96800
Resistance: 100000—102456
Ethereum
The spike to 2845 has led to a significant decline, continuing to test the support at the 4-hour BOLL middle line. After a narrow range of fluctuations for 17 days, the rebound lacks strength, so it cannot be ruled out that after completing this rebound, it will continue to fall.
Support: 2500—2600
Resistance: 2845—2920
