Daily Market Interpretation — BTC 02/22

Daily Chart Trend

BTC price remains within the oscillation center of the past 15 days, with the upper resistance at 98410 and the lower support at 94350. The overall trend has not yet formed a clear direction; subsequent breakouts, whether upward or downward, could evolve into a trending market. Investors need to pay attention to opportunities for buying on pullbacks and exiting on breakdowns.

4H to 12H Trend

BTC is currently in a pullback state after a sharp decline, with a new short-term resistance formed in the 96955-98066 range. Caution is advised for further price dips; it is suggested to manage existing positions and wait for better opportunities during a second bottom test.

1H and Below Trend

The price rebound has some strength but is insufficient to offset the negative impact from yesterday's sudden news. If the trend remains strong, there is a high probability of oscillation in the 96177-97196 range over the next two days. Due to the small fluctuations in this range, short-term trading is not recommended; focus should be on the daily chart's fluctuating range.

Key Levels and Strategies

• Short-term Support: 95468-94339-93242 (1:1:2 quick in and out; the latter two levels can be split for separate operations)

• Medium to Long-term Support: 87848-85720 (not within the current fluctuating range, can be used as pre-selected points for limit orders)

• Medium to Short-term Resistance: 98630-99786 (5% chance of reaching; it is not recommended to gamble on this level with existing positions; wait for breakout signals).

Operational Suggestions

• For short-term trading, be cautious of high selling, patiently wait for low buying opportunities, and avoid blindly chasing after rises or falls.

• Pay attention to breakout signals on the daily chart, adjusting strategies in conjunction with market sentiment and macro factors.

Market Dynamics

• BTC price finds support near 95000 USD, but the overall market remains in a broad oscillation range.

• The Bybit theft incident has a short-term impact on Bitcoin and Ethereum prices, but market resilience is strong.

• Institutional inflows and the popularity of ETFs continue to support Bitcoin's long-term trend.

In summary, the BTC market is expected to remain oscillatory in the short term; investors should operate with caution and wait for clear breakout signals.