🍉February 28th Afternoon Market Insights.🍉
$BTC Insights:
On the last day of February, making such a big stir, the first thing to do with your eyes wide open is to check the price of Bitcoin at the exchange; you won't know until you look, then you'll be shocked to see it drop again. Trump has successfully played away the bull market; it was all thanks to Trump and it was all due to Trump. If there is still a bull market, the only glimmer of hope is in the policy aspect.
Bitcoin rebounded at 82846, showing a 2B false breakout; short one hand with light positions, and set a stop loss if it stabilizes above 83223.
At 77217, a false breakdown appeared; if it recovers, long one hand with light positions. If the low point of the false breakdown does not recover, do not go long.
Bitcoin broke through 80403 with volume; chase long on the right side and set a stop loss.
At 79510, a volume drop broke and retraced but could not recover; chase short on the right side with light positions, and set a stop loss. Treat all orders lightly today.
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If the hourly level cannot recover 80436, there is no need to look up anymore. If it can recover 80436, look up at 81334-82553.
Conservative players wait for 75702 to go long; if it breaks below 75000, a stop loss must be set.
Perhaps everyone is reluctant to see the bull market end like this because most students are still waiting for the altcoin season which has not arrived.
Reluctance doesn't help; the market is like this, always striking heavily when you least expect it.
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Upper resistance: 81786-82528-83227
Lower support: 79362-78630-77166
At the 4-hour level, if 78400 continues to break down, look for lower target positions at 77227-75421. When Bitcoin was over 100,000, many said Bitcoin could return to 70,000 or 80,000 to buy the dip; did you buy the dip?
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$ETH Thoughts:
Altcoin broke through 2185 with volume; chase long on the right side and set a stop loss.
At 2175, it broke down with volume; chase short on the right side and set a stop loss.
Pullback to 2080 to confirm support is valid; go long one hand, and set a stop loss if it breaks below 2035.
For altcoin, it must stabilize above 2235 to look up at 2286-2318; if it can't, just hold steady without dropping.
Keep an eye on 2263 above to short one hand; set a stop loss if it breaks above 2316.
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Left-side orders: 2112 long; if it breaks below 2067, a stop loss must be set.
Upper resistance: 2225-2273-2315
Lower support: 2127-2072-2023
At the 4-hour level, if 2123 breaks below and cannot recover immediately, 2036-1985 is waiting for you.
Tonight at 9:30, there will be PCE data to be released; hopefully, it will be favorable! Let Bitcoin and altcoin rebound a bit and not just sink like this; meeting adjourned.