Sunday, February 25, 2024

The trend is still in a state of fluctuation, pay attention to the opportunity of breaking through~

CME "Fed Watch": The probability of the Fed maintaining interest rates in March is 96%
Extra: The most reliable probability has been revealed, no need to guess anymore~
The U.S. SEC has sought public opinion on the possibility of introducing Bitcoin spot ETF options trading
Extra: Things need to be done beautifully, and the situation cannot be overlooked~

- Daily chart: After breaking through the 48000 level, the price continued to rise. If the subsequent pullback does not break this support, the upward trend will continue.

- 1-hour chart: After a short-term breakthrough of the 50500 level, the price maintained fluctuation. If the subsequent pullback does not break this support, there will still be a trend of continued rise.

II. Ethereum
- Daily chart: After breaking through the 2700 level, the price continued to rise. If the subsequent pullback does not break this support, there will still be a trend of continued rise.

- 1-hour chart: After a short-term breakthrough of the 2870 level, the price maintained fluctuation. If the subsequent pullback does not break this support, there will still be a trend of continued rise.


I. Bitcoin
- Yesterday's view:

Summary: After a short-term breakthrough of the 50500 level, the price maintained fluctuation. If the subsequent pullback does not break this support, there will still be a trend of continued rise. The upper resistance is at 54000 and 55800 levels;
If it breaks below, a pullback trend will unfold, with the lower support at 49000 and 47200 levels.
- Future trend:

The future trend saw a slight pullback without breaking below the 50500 level, followed by a rebound, reaching a high of 51949.
II. Ethereum
- Yesterday's view:

Summary: After a short-term breakthrough of the 2870 level, the price maintained fluctuation. If the subsequent pullback does not break this support, there will still be a trend of continued rise. The upper resistance is at 3300 and 3580 levels;
If it breaks below, a pullback trend will unfold, with the lower support at 2700 and 2500 levels.
- Future trend:

The future trend saw a slight pullback without breaking below the 2870 level, followed by a rebound, reaching a high of 3055.

I. Bitcoin
Summary: After a short-term breakthrough of the 50500 level, the price maintained fluctuation. If the subsequent pullback does not break this support, there will still be a trend of continued rise. The upper resistance is at 54000 and 55800 levels;
If it breaks below, a pullback trend will unfold, with the lower support at 49000 and 47200 levels.
II. Ethereum
Summary: After a short-term breakthrough of the 2870 level, the price maintained fluctuation. If the subsequent pullback does not break this support, there will still be a trend of continued rise. The upper resistance is at 3300 and 3580 levels;
If it breaks below, a pullback trend will unfold, with the lower support at 2700 and 2500 levels.


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