On February 29th, market analysis shows that AICoin is just a step away from reaching a new all-time high, demonstrating strong bullish momentum.

CN
1 year ago

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Last night, Bitcoin's rebound was originally expected to reach around 61,000, but it directly surged to around 64,000, showing that the market is going crazy. It's impossible to predict how much it will rise, but it's definitely continuing to rise.

In this strong trend, no matter how you analyze it, it will seem pale and powerless, so just continue to be bullish. However, in this surge, my personal advice is to proactively reduce leverage. The faster it rises, the greater the subsequent volatility. If leverage is not proactively reduced, the ultimate outcome will definitely be unchanged prices and loss of position. Holding spot positions is reassuring, and breaking through 69,000 should be a matter of time.

BTC

Due to the rapid changes in the market, this article can only make predictions based on the market changes at the time of publication. Short-term players should pay attention to the latest market changes and use this information as a reference only.

1H:

On the 1-hour timeframe, the rebound from 50,521 to 64,000 is not divergent from the previous segment. Therefore, the overall rebound on the 4-hour timeframe is probably not over. In the short term, there is a chance of a 1-hour pullback, with a significant pullback around 58,000 and a smaller one likely around 60,000.

There will likely be at least one more 1-hour rebound, continuing to break through upwards, as indicated by the yellow arrows in the image. Alternatively, it may continue to oscillate in the range of 59,000 to 64,000, forming a third 1-hour segment, and then continue to rise.

In short, maintaining a long position during the pullback is recommended at this point. The rebound is not over yet, and further breakthroughs above 65,000 give hope for a direct breakthrough of 69,000.

In this bull market, follow the market to buy, but be cautious of the continuous flash crash and pin risk in the futures market.

15M:

On the 15-minute timeframe, watch whether it will surge again to 64,000. Subsequently, look for a 1-hour pullback, or a short-term oscillation adjustment. If it turns into an oscillation, it is highly likely that Bitcoin will adjust and altcoins will surge.

ETH

Ethereum experienced a flash crash last night, causing many altcoins to drop by 20% to 30%. Altcoins that experienced this drop and then reached new highs again today or rebounded are generally short-term strong coins worth paying attention to. Altcoins that cannot recover from the drop should be temporarily ignored.

For Ethereum in the short term, watch whether it will surge again to around 3,550. It is expected that there may be a slow 1-hour pullback in the short term, but the pullback still presents a long opportunity, with a focus around 3,250 to 3,300 below the 1-hour timeframe.

Trend Direction

Weekly timeframe: Upward direction, currently continuing the rebound from 15,476. Pay attention to the subsequent daily timeframe for when it will end.

Daily timeframe: Upward direction, likely to go above 75,000.

4-hour timeframe: Upward direction, the rebound on the 4-hour timeframe is not over and should extend further.

1-hour timeframe: Upward direction, if a 1-hour pullback occurs, first focus on 60,000, then look around 58,000.

15-minute timeframe: Downward direction, currently leaning towards oscillation. First, see if it will pull back to 60,000.

Feel free to follow my public account for discussions and exchanges:

The article is time-sensitive, so be mindful of the risks. The above is only personal advice and is for reference only!

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