Market analysis on February 22, 25 $BTC
A large number of traders opened short orders under the panic of Bybit ETH asset theft, and now ETH finally has a narrative of setting a new record high (i.e., rolling room).
Bitcoin rebounded to the upper Bollinger band of 99,400 and fell back, and is now crossing the middle Bollinger band again. After breaking through the lifeline, the daily line fell back but did not stabilize. Affected by the negative news, it quickly fell to around 95,000, and the four-hour level returned to the bottom support range of the box again! The impact of negative news is short-lived. It is extremely positive to deal with the negative news well, and there is a high probability of rebound!
Bitcoin's shock range reference today:
Support level: around 95680, around 95000, around 94200
Pressure level: around 97900, around 98500
Ethereum's shock range reference today:
Support level: around 2658, around 2628, around 2570
Pressure level: around 2750, around 2820
After the negative news, as the problem is handled and the exchange is restored. The probability of a market rebound today is greater. However, the amount of money stolen from Ethereum is huge, and there is still a risk of selling in the later period, which is also a thunder in the future market. Keep an eye on it. #bybit被盗