2.28 Market Analysis:

Bitcoin BTC Market Analysis: This is a huge drop for Bitcoin; I started warning everyone last week that this drop would be between 85000-73600. Ever since I made a long position against the trend at 94500, I have opened short positions following the trend, and I have already made back the previous stop-loss, so everyone must not hold onto losing positions. If you open a position incorrectly, it's just wrong; if you keep adding to losing positions against the trend, the loss won't just be one percent but rather all your capital. A stop-loss is not a liquidation; my routine is either to stop-loss or to profit. It's just about earning a bit more and losing a bit less. If you really want to make money trading in this market, you should really pay attention to my trading methods; after all, it's free. The strategies are all included, and you can simulate following my trades. You can also join the trading group to communicate with everyone; I write market analysis only once a day, but I might open trades two or three times, detailing where to add to positions and where to close them, which can be fully seen in the group.

Trading Suggestions: Bitcoin has continuously plummeted, and it's worth noting that from the highest point of 110000 to now 80000, it has dropped 27.6%. This is definitely not a correction; it signals a bear market. There are still many people trying to catch the bottom in the market, and long positions are very dangerous. Why are so many people trying to catch the bottom? Is the market really at the bottom? No, these are all people holding losing positions, adding to their positions against the trend. Those who are not adding to their positions have already been liquidated. Has the decline stopped? No, it hasn't. If it can't break above 86000 in the next two days, give up all fantasies; 73600 is its target, and it still has to go down.

Today's Recommendation: I do not recommend altcoins today; all focus is on Bitcoin, which is the ruler of the entire cryptocurrency market. Enter short between 83600-85500; if it breaks 86000 at the one-hour close, abandon the short. Long positions are not recommended now; wait around 73600, with a stop-loss of 1000 points.

Excellence is achieved through diligence and ruined through play; actions are formed through thought and destroyed through carelessness. The author diligently studies cryptocurrency trading, using theory to support the trading system. All analyses are shared for free; no one is exploited. All experts are welcome to communicate and improve together. If you need help reviewing trades, please leave a message below; there is no charge. $BTC