Daily Market Interpretation — BTC 02/22

Daily Trend

The BTC price remains within the oscillation center of the past 15 days, with the upper resistance level at 98410 and the lower support level at 94350. The overall trend has not yet formed a clear direction; whether it breaks upwards or downwards in the future may evolve into a trending market. Investors need to pay attention to the opportunity for buying on a breakthrough pullback and the opportunity to exit on a breakdown retracement.

4H to 12H Trend

BTC is currently in a pullback state after a sharp decline, with a new short-term resistance formed in the 9695598066 range. Short-term caution is advised as the price may further decline; it is recommended to manage current holdings and wait for a better opportunity during a second bottom exploration.

1H and Below Trend

The price rebound has a certain strength but is insufficient to offset the sudden negative impact from yesterday. If the trend remains strong, it is highly probable that it will oscillate in the 9617797196 range over the next couple of days. Due to the small fluctuations in this range, it is advisable not to engage in short-term operations and focus on the daily level fluctuation range.

Key Levels and Strategies

• Short-term Support: 954689433993242 (1:1:2 quick in and out, the last two levels can be split for separate operations)

• Medium to Long-term Support: 8784885720 (not within the existing fluctuation range, can serve as a pre-selected point for orders)

• Medium to Short-term Resistance: 9863099786 (5% chance it will reach this point; current holdings do not recommend betting on this level, waiting for a breakout signal).

Operational Suggestions

• In the short term, pay attention to high selling, patiently wait for low buying opportunities, and avoid blindly chasing price increases or decreases.

• Focus on daily level breakout signals and adjust strategies based on market sentiment and macro factors.

Market Dynamics

• The BTC price finds support near $95,000, but the overall market remains in a wide oscillation range.

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

• Institutional capital inflow and the popularity of ETFs continue to support the long-term trend of Bitcoin.

In summary, the BTC market is still primarily oscillating in the short term; investors need to operate cautiously and wait for clear breakout signals. #bybit被盗