2.27 Evening Bitcoin Market Analysis!

Good evening, brothers. Bitcoin has dropped quite sharply; it bounced a bit at the 83500 support level but has once again fallen below, hitting 82200. Those who held on through the 90,000 mark are really suffering, living in constant fear every day. Such bearish talk sounds like a black swan is about to arrive. I still advise everyone to make rational judgments. It is indeed a bearish trend, but it shouldn't drop this much. The hard support below is around 76300, which I mentioned earlier this week; this level is a monthly support level, and such significant support is not easily broken. If the monthly level cannot break this position, it will be hard to go lower. Even if it reaches around 76300, it will only briefly touch before quickly rebounding above 80,000. Those looking to trade spot markets can pay attention to this area.

Returning to the charts, this drop has been on the one-hour and two-hour levels, and the downward wave is nearly complete, indicating that the market is about to have a one-hour and two-hour level rebound. The initial resistance for this rebound is at 87000; at least a four-hour level closing must break this resistance for the rebound strength to increase. This way, it can achieve a four-hour level rebound. The upper rebound resistance is around 89300, and short positions can be monitored near this level. As long as the four-hour chart does not break 87000 today, the rebound strength will not be strong. Pay attention to the lower support at 82300-80000; long positions can continue to catch rebounds in this range.

The rebound from the aunt is relatively weak, but this small-level drop is nearly over. As long as it doesn't break 2300 on a pullback, rebounds can be taken. The initial resistance for the rebound is at 2400; this position can be reduced or exited. At least a four-hour level closing must break this resistance for the rebound strength to be significant. The upper pressure is looking at 2450-2510. If the one-hour level breaks below 2300 on a pullback, attention can be given to the lower support levels at 2250-2200-2100, where rebounds can continue to be pursued.