2025.2.24 8:44 AM BTC/ETH Market Analysis
This weekend, BTC's lowest point was 95180, just 11 dollars away from the first low-buy position at 95169, which must mean that this market maker is watching my points, haha! The highest was 96988, which is 500 dollars away from the first short position at 97500. Overall, BTC showed a slightly stronger bearish trend this weekend!
ETH was relatively strong over the weekend, influenced by the Bybit hacking incident, with the market showing a lot of support. The continuous exposure and attention on ETH, even in tough times, is still noticeable. Bybit's approach to supplement liquidity through borrowing is similar to Ukraine's support, which is not unconditional; it requires collateral such as domestic minerals. For exchanges with assets exceeding 15 billion, borrowing 2 billion is not a big issue, and this debt ratio is already very low. In traditional finance, such borrowing is very attractive to clients!
The yield of ETH financial products surged over 10% during the weekend, which is related to this wave of borrowing to compensate for liquidity!
BTC Focus
Support: 94300/92500/91800
Resistance: temporarily set at 97500
ETH Focus
Support: 2600/2515/2403
Resistance: temporarily set at 2851
ETH peaked at 2857 before quickly dropping below. At this moment, it is consolidating around the 2810 level. A decrease in trading volume during consolidation is important; an increase in volume indicates the main force's demand to break through, so it is still worth keeping an eye on;
BTC completed a very standard pullback over the weekend, just 11 dollars away from the buying point set by the analyst. For those who watch the market, they can automatically adjust points based on indicator signals, making it possible to capture low points for buying!
Today is Monday, with significant market fluctuations. Continue to avoid deep dips, don't force long positions, and refrain from taking short positions during resistance. Today's opportunities are expected to emerge more clearly in the evening!