PalBTC Market Weekly Report -2.16 Weekly chart 1) Another week has passed, and it can be seen that the market started to fluctuate last week, with the K-line eq fluctuating up and down around the 2.2 decline. This is actually in line with our expectations. After the sharp decline, it will take a period of oscillation to consolidate and repair. 2) Since the oscillation has been repaired, let's still look at the range oscillation, which is the wide range oscillation in the 65-75 range, At the current high point, I will first refer to the weekly FVG, which means I will see a rebound target of 76 first. The high point is still 80. 3) As for the low point, it was mentioned last week. Currently, 60 is definitely not a low point. My personal expectation is to plunder 49 SSL before looking. Big expectations can still be seen in this chart. https://(x.com)/Patrade_Buer/status/2020767542558765094? s=20 As for the short-term oscillation low point, I will first look at 62. 4) Macro: On President's Day, the US stock market is closed for one day. 2.19 03:00 The Federal Reserve releases the minutes of its monetary policy meeting. The macro impact this week is relatively small, just pay attention to the minutes of next Thursday's monetary policy meeting. During the Chinese New Year, everyone can celebrate the holiday well, spend time with their families, and pay less attention to market trends. Daily chart 1) The daily chart is still oscillating around the given support of 65 and resistance of 72. These two positions constitute important points for our interval judgment. If we break through and stand firm at 72, we can look at 76 If it falls below 65 at the same time, it depends on 62. 2) We saw that after stepping back on 65 support, we tested 72 resistance upwards and refused. Moreover, it can be seen that the candlestick chart for Sunday is bearish, while the candlestick chart for Saturday is bullish. Against the backdrop of the US stock market closing tonight, I personally look forward to further downward retracement. My retracement expectation is around 67, and I continue to be bullish, hoping to break through 72. Hour chart 1) At present, the hourly oscillation range is focused on 673-717, and it can be seen that the structure within the range oscillation is quite disordered. At present, this belongs to a fluctuating downward trend. In the short term, we will first see whether the rebound will continue to fall after testing the FVG gap against 70 and testing 673. If 673 cannot hold on, then continue testing 66. 2) Similarly, if the rebound here stabilizes at 705, it may continue to test 72 upwards, so be careful if you short. 3) In summary, the market is still volatile, with low prices and high prices being the main factors. In the Year of the Horse in Bingwu, everything is updated May everyone make great strides on the road to wealth the new year ㊗️ Everyone has money in their pockets, light in their hearts, and high profits Happy New Year to everyone!