Gu Jingci: 2.15 Bitcoin/Ethereum Trading Strategy with Market Analysis

Bitcoin/Ethereum around 1940 and 66,000 has been repeatedly suggested for long entries. During yesterday’s rally, decisively shorted near 70,500 and 20,950. The market pulled back after reaching highs, and the overall space is visible. Red envelope market during the Chinese New Year is always active, and the overall space remains quite good. Currently, on the 4-hour chart, the price is in an upward channel, with recent candles forming a series of higher lows and higher highs. The latest 4-hour candle has an upper shadow, indicating some selling pressure around 21,50 and 71,500. The daily chart shows a strong rebound from early February lows, forming a preliminary V-shaped reversal, indicating strong buying interest.

Technical indicators show DIF and DEA lines continuously crossing above zero and diverging upward, with the MACD histogram positive and increasing, indicating a strong bullish trend on the 4-hour level. Recent sharp rises accompanied by high volume confirm the validity of the daily rebound trend. Future pullbacks that do not break the trend could trigger a new wave of upward movement. In the short term, switching between highs and lows for trading is possible, but a break of the short-term resistance trend could reverse the trend directly. Focus on trend-following and swing trading.

Trading Suggestions: Short near 70,500 to 71,000 for Bitcoin, with targets around 68,000 to 69,000; short near 2,095 to 2,120 for Ethereum, with targets around 2,000 to 2,030.

Daily analysis and strategies have a high success rate, and are for reference only. Please trade at your own risk. The article is not updated in real-time; please refer to live data!