Looking back at the morning session, my initial thoughts were still somewhat conservative. Who could have thought that the price of Bitcoin would plunge all the way down, reaching a low of 81,000, while Ethereum also dropped to 2,180. The market fluctuations in the morning were as intense as in the evening, with a massive swing of 3,000 points; such market movements undoubtedly provide a wealth gift to those who are prepared.

February 28 Morning Thoughts:

In the early morning, the market suddenly changed, with prices plunging again. This fluctuation closely matches the trend analyzed during the livestream. The price of Bitcoin has been declining, once again testing the short-term support level below. The short positions we set up in the early morning successfully captured a profit of 1600 points, perfectly seizing this market movement.

From the current chart, the four-hour candlestick chart shows a continuous downward trend, and the Bollinger Bands are opening downward, which is undoubtedly a strong signal indicating that bears are dominating. Looking at the one-hour candlestick chart, although the price rebounded after hitting the lower Bollinger Band, the rebound strength is extremely limited, and the bullish momentum is weak, making it difficult to form an effective counterattack.

Based on the above chart analysis, the current market sentiment is likely to continue being influenced by bearish forces. At the market opening in the morning, we should closely observe the strength of the price rebound and wait for the right moment to set up short positions.

Short Bitcoin near 85000-85500, targeting around 83500.
Short Ethereum near 2330, targeting around 2250-2280.

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