Market analysis on February 24
At present, the trend of BTC is at a critical node. From the daily level, it is facing a daily level change. The magnitude of this change should not be underestimated, and it will bring great risks and opportunities to investors. Therefore, investors must take strict risk control measures, whether it is the reasonable allocation of positions or the strict setting of stop losses in contracts, they must be treated with caution and must not be taken lightly.
(Click the picture below to see the support and pressure levels
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In terms of intraday short-term operations, BTC has a relatively small operating space. Pay close attention to the opening of the US stock market in the evening. As an important weather vane of the global financial market, the trend of the US stock market after the opening often has a profound impact on the BTC market. Waiting for the US stock market to open and the market situation to become clearer before placing orders can not only reduce investment risks, but also increase the probability of profit.
Ethereum performed strongly in the past two days, and the reasons behind it have been analyzed before. Since byb suffered a large-scale theft, it is necessary to repurchase the corresponding assets. On the one hand, it is used to repay the help to the friendly party, and on the other hand, it is also necessary to replenish the ETH reserves, and will continue to buy in the future. However, with such a huge loss of funds, byb will definitely recover funds from other channels, which requires vigilance against abnormal market fluctuations that may occur in the future, especially for those tokens in which byb holds a relatively high proportion of shares.
From the perspective of small-scale trends, there is a strong pressure level in the 2850 range above Ethereum, where selling is obvious. Once successfully broken through, the subsequent market fluctuations may be considerable. The key support level of 2700, the middle track of the daily Bollinger line, needs to be paid attention to below.