February 9 Evening Market Analysis
Today, Bitcoin's rebound is weak, with clear resistance around 70,000. The Stochastic RSI indicates diminishing upward momentum. On the 4-hour chart, it’s difficult to break through the key trendline. Tonight, the trend is likely to continue consolidating downward. The rebound presents a good opportunity to short. Consider short positions around the 69,500-70,000 resistance zone, targeting the support band at 68,000-67,000 below. Set strict stop-losses to prevent unexpected rebounds.
Bitcoin
- Direction: Short
- Entry Range: 69,500-70,000 (enter in batches as
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