2.21 Market Analysis: Bitcoin Resistance Level Breakthrough, Higher Points Coming

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11 months ago

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  BTC: The big coin has currently reached the previous resistance area around 98,500. A large bullish candle with no upper or lower shadows has formed on the 4H chart, indicating a relatively strong short-term movement. This position has some resistance, and it is highly likely that there will be a downward pullback in the future. Pay attention to whether the support around 96,800-97,000 can hold.

ETH: It is still relatively weaker. The key point for future strength is that the daily candle needs to close above 2,900 for it to be valid. The hourly EMA moving averages indicate a bullish trend, and there is still a small chance for a short-term rebound.

For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.

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