2024.02.20 Tuesday

After a night of pullback, it has not yet broken out of the short-term volatility

① 23:00 US Leading Economic Index (LEI) m/m for January

1. Daily Chart: After breaking through the 48000 level, the price continued to rise. A pullback without breaking this support is still an upward trend.

2. 1-hour Chart: After a short-term breakthrough of the 51000 level, it maintained volatility. A pullback without breaking this support still indicates a continued upward trend.

II. Ethereum

1. Daily Chart: After breaking through the 2700 level, the price continued to rise. A pullback without breaking this support still indicates a continued upward trend.

2. 1-hour Chart: After a short-term breakthrough of the 2860 level, there was a slight pullback. A pullback without breaking this support still indicates a continued upward trend.

I. Bitcoin

1. Yesterday's Viewpoint:

Summary: After a short-term breakthrough of the 51000 level, it maintained volatility. A pullback without breaking this support still indicates a continued upward trend. Resistance above is at 54600 and 56500;

If it breaks below, it will initiate a pullback, with support below at 48500 and 46850.

2. Future Trend:

The future trend saw a slight pullback without breaking the 51000 level, maintaining volatility above it, reaching a high of 52532.

II. Ethereum

1. Yesterday's Viewpoint:

Summary: After a short-term breakthrough of the 2730 level, it maintained volatility. A pullback without breaking this support still indicates a continued upward trend. Resistance above is at 2930 and 3040;

If it breaks below, it will initiate a pullback, with support below at 2600 and 2470.

2. Future Trend:

The future trend saw a slight pullback without breaking the 2730 level, then continued to rise, reaching the first target of 2930 and a high of 2988.

I. Bitcoin

Summary: After a short-term breakthrough of the 51000 level, it maintained volatility. A pullback without breaking this support still indicates a continued upward trend. Resistance above is at 54000 and 55800;

If it breaks below, it will initiate a pullback, with support below at 49000 and 47200.

II. Ethereum

Summary: After a short-term breakthrough of the 2860 level, there was a slight pullback. A pullback without breaking this support still indicates a continued upward trend. Resistance above is at 3300 and 3580;

If it breaks below, it will initiate a pullback, with support below at 2700 and 2500.

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