Market laws, twists and turns, reincarnation, internal cultivation, external practice, the road is long and far-reaching. Doubt can filter risks, but it can also miss opportunities. To seize opportunities, one must be brave to try. Different attitudes towards life yield different results. Without great ambitions, even with the help of influential people, it will ultimately be futile. Countless difficulties are not insurmountable. The success story of an investor is actually a history of learning and growth. Through hardships and scenery, do not forget the original intention, and you will eventually succeed.

2024.2.23 BTC———————

The overall pulse of the market is well grasped, and the coin price continues to rise and fall, seeking new support. On the daily chart, the short-term moving averages are slowing down, and the MACD indicator shows a bearish trend. Although there is a very obvious bearish trend on the daily chart, Qin Chuan believes that the downward momentum in the short term is not very strong. The subsequent market will definitely be a tug-of-war between bulls and bears. On the daily chart, one can try shorting at the 51700 level, and continue to go long at the 50300 level as long as the trend line does not clearly break. On the four-hour chart, the high points continue to move lower, and while the price is declining, the bearish volume on the MACD is gradually shrinking. Overall, there are signs of bullish divergence on the four-hour chart, indicating that there is a certain bullish force that needs to be released in the future. It is highly likely to be a rapid downward trend followed by an upward trend. Therefore, on the four-hour chart, it is recommended to pay attention to the support range of 49800-50200. In summary, the main strategy for Bitcoin's subsequent pullback is to go long.

Pending orders:

Short at 51800-52000, with a stop loss at 500

Long at 49800-50200, with a stop loss at 300

2024.2.23 ETH———————

The prediction for Ethereum yesterday was that after breaking through the previous high, it would continue to decline, and the pending order at 3050 did not get filled. Personally, my order at 3049 also regretfully did not get filled. Returning to the market, Qin Chuan's view is that if the price does not hold steady at 2950, it will definitely go to the 2850 level I mentioned yesterday. Tomorrow is the Lantern Festival, and the pending order for Ethereum's Lantern Festival, for practical friends or those who have communicated with me, please ask me directly, and I will not make it public on the entire internet. Consider it a Lantern Festival gift!

This article is exclusively written by senior analyst Qin Chuan, who has been studying the investment fields of Bitcoin, Ethereum, contracts, spot, gold, forex, stocks, etc. for many years. Currently, he mainly guides contract operations, with a solid theoretical foundation and practical experience. He is good at combining technical and fundamental analysis, focusing on capital management and risk control. His operating style is steady and decisive, and he is widely recognized by investment friends for his amiable and responsible character, as well as sharp and decisive operations. For more real-time investment strategies, trading techniques, operational skills, and candlestick knowledge, please follow the public account: 赵秦川.

Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Trading based on this information is at your own risk. Investment carries risks, so please be cautious when entering the market.

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