February 24th BTC/ETH Market Strategy


The previous tweet highlighted the entry points for high-probability trades, and so far, all have been successful. The dip around 66,000 for Bitcoin and the dip between 1912-1941 for ETH, when filled, resulted in significant gains. The logic and key levels are clearly explained in the article. All market strategies should be understood thoroughly before attempting to follow them!
Bitcoin: The resistance zone around 625-639 from February 6th will face a challenge, and there’s still a chance between 60,800-62,500. Whether to go long or to bet on a double bottom depends on signals in these two zones. If you missed the dip last night, it’s probably too late to buy now. If you want to buy, watch how it performs around 66,000. Alternatively, waiting for a breakdown and panic selling to chase the trend is a good strategy.
ETH: Since the resistance zone at 1912-1941 has been effective, and the after-hours adjustment broke yesterday’s low, it’s still a bottom-finding process. Use the February 6th low of 1740 as the final reference point. The range between 1772-1796 is a potential left-side double bottom entry point. If it breaks below this, it’s hard to predict how low it might go; the lower boundary is a broad range of 1609-1740. If it breaks below 1740, the left-side double bottom strategy is no longer valid. There are no good short-term entries for short positions now; only follow the trend to chase breakouts and acceleration. has no specific advice on the direction.
BTC-2,04%
ETH-1,8%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)