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Intraday Market Analysis for February 20๐
The market remains volatile, which can be understood as Bitcoin ranging from 65,000 to 72,000,
Ethereum from 1900 to 2150
โ : The mid-March FOMC meeting, no rate cuts, no rate cuts. Today is February 20. Recently, after a surge, short positions are recommended. A pullback to 60,000 is not a dream. Short on the rally is the right move!
โ : Pay attention intraday
If BTC stabilizes above 66,700, resistance levels are 68,400, 70,100, and 72,200
โ : If it pulls back and breaks below 66,700, support levels are 65,600 and 65,100. If broken, look at 62,500 and 60,000
Ethereum
โ : If it pulls back and does not break below 1,940, continue to rebound. Resistance levels are 1,984, 2,038, 2,100, and 2,150
โ : If it cannot hold above 1,940, support levels are 1,906, 1,865, 1,812, and 1,750