Daily Market Analysis (02.28)

Summary:

1. As the most criticized blogger in the entire plaza, I will address some comments and rumors (as shown in the image). BTW, if you really want to nitpick, who in the entire plaza can't find something to criticize? If you don't like me, you really don't have to watch my analysis; I'm begging you, okay? You want to watch and criticize, why bother? I can't even block you; the moment I do, you'd jump up in anger.

2. The US stock market has completed the support and resistance swap, and it is currently unclear when the selling wave will arrive. Theoretically, whether in the cryptocurrency market or the US stock market, we are still one needle away from establishing a new fluctuation range. Let's wait patiently.

3. If there’s a spike tonight, it will be around 72500. If it gradually climbs to 74000 in March before the spike, this needle will have to break 6. It would be best to push the line up tonight and let it drop in March. However, I will set low-position buy orders in advance.

4. Let's talk about human nature.

5. On the daily chart, the K-line must first return to the Bollinger Bands before we can discuss where the bottom is.

6. In March, focus on whether the monthly MACD will form a death cross.

7. Currently, we are in the first phase of a bear market decline, and after it finishes, there will be a weekly-level rebound followed by a second phase of decline. No need to rush; let's patiently wait for the first phase of decline to finish.

Operations:

1. Holding short position $BTC , take profit at 59000. (You can also take profit at the weekly EMA60, around the 72500 line).

2. Currently have no long positions, mainly focusing on short positions until Bitcoin enters the next trading range for fluctuations.

Short-term:

1. Place a buy order around Bitcoin 72500, set a stop-loss of 1000 points, and do not set a take profit for now. Sell half at 74500, then set the stop-loss to 70500, continuing to look at 78000.

2. Place a buy order around Ethereum 1850, do not set a stop-loss or take profit for now, after the spike, set the stop-loss at the spike point, and manage your position well. Close all at 2000.

3. SOL is rebounding rapidly, and it is currently unclear whether this is a trap for buying or if it has nowhere left to fall; no strategy for now.

4. Next week, I will provide targets for altcoin dollar-cost averaging, planning for a long-term investment of up to six months.

5. For the bulls, before 8 AM next Monday, if the price can close above 89000, there is a chance to rebound to 102000; otherwise, there won’t even be a chance to touch 10.