Congratulations everyone on successfully buying the dip. The entry points I provided last night were perfectly timed! The weekend may see some slow consolidation, but so far everything is in line with my expectations. I have a clear plan for the upcoming strategies. Although the dip was successful, the current position is very risky. The key focus now is whether the weekend consolidation can meet expectations. If the weak consolidation causes the chip structure to decline and breaks below the critical level, this rebound could very well end immediately, and the ultimate target in the later stage will be thwarted.
BTC: The upper half of the 64136-65377 range I mentioned in last night’s post successfully capped the move. The intra-day correction is consistent with what I previously said, aiming for 66300-67150. Over the weekend, if there’s time, consider trading between these two ranges. If not, either buy low within the lower range or go long at the upper range. Check my charts for a clearer picture.
ETH: The night session provided an entry opportunity at 1872-1912. The weekend correction target is the watershed at 1940-1965. The higher platform is around 2000-2015. The levels haven’t changed much; patience is key. Below, there’s another support at 1825-1875. If it drops to this level, it’s quite pessimistic. Be patient over the weekend and watch the charts for specifics.
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.
February 28 BTC/ETH US Market Strategy
Congratulations everyone on successfully buying the dip. The entry points I provided last night were perfectly timed! The weekend may see some slow consolidation, but so far everything is in line with my expectations. I have a clear plan for the upcoming strategies. Although the dip was successful, the current position is very risky. The key focus now is whether the weekend consolidation can meet expectations. If the weak consolidation causes the chip structure to decline and breaks below the critical level, this rebound could very well end immediately, and the ultimate target in the later stage will be thwarted.
BTC: The upper half of the 64136-65377 range I mentioned in last night’s post successfully capped the move. The intra-day correction is consistent with what I previously said, aiming for 66300-67150. Over the weekend, if there’s time, consider trading between these two ranges. If not, either buy low within the lower range or go long at the upper range. Check my charts for a clearer picture.
ETH: The night session provided an entry opportunity at 1872-1912. The weekend correction target is the watershed at 1940-1965. The higher platform is around 2000-2015. The levels haven’t changed much; patience is key. Below, there’s another support at 1825-1875. If it drops to this level, it’s quite pessimistic. Be patient over the weekend and watch the charts for specifics.