Market laws, twists and turns, cycles of change, internal cultivation, external practice, the road ahead is long. Doubt can filter risks, but it can also lead to missed opportunities. To seize opportunities, one must be brave enough to try. Different attitudes towards life yield different results. Without great ambitions, even with the help of influential people, one will ultimately achieve little. Countless difficulties are not insurmountable; a successful investor's story is actually a history of learning and growth. Through hardships and scenery, never forget the original intention, and you will eventually succeed.

2024.2.29 BTC———————

Yesterday, the overall train of thought was relatively clear, and the market moved as predicted. Currently, a high-level doji pattern has appeared on the daily chart, but it is still recommended to maintain a bullish trend for operation. The Bitcoin price on the 4-hour chart is staying within the Bollinger upward channel, with some bullish volume recovery. From a technical perspective, there is a certain demand for a pullback in the 4-hour price. Currently, the spot market is in a buying frenzy, so it is advisable to follow the trend in the futures market. Overall, it is recommended to pay attention to the 58500 level. On the hourly chart, the short-term uptrend is being resisted, and the price will seek support around 62000. For real-time short-term monitoring, it is advisable to pay attention to setting up long positions at this level. In summary, the main suggestion for Bitcoin's subsequent pullback is to go long.

Pending orders:

Real-time short-term long position at 62000-62200, stop loss at 200, target at 300

Long position at 58500-58800, stop loss at 500 points

2024.2.29 ETH————————

Ethereum has had a 6-day uptrend on the daily chart, and the bullish volume has tripled, indicating a very strong buying force. Therefore, it is advisable to follow the trend rather than fight against it. In the short term, the focus is on two levels: 3280 and 3420. Subsequent long positions can be set up around these levels. The future direction of Ethereum's pullback or upward strength can be judged by whether it follows the rise. In summary, the main suggestion for Ethereum's subsequent pullback is to go long.

Pending orders:

Real-time short-term long position at 3420-3440, stop loss at 20 points, target above 30

Long position at 3280-3310, stop loss at 50 points

This article is exclusively written by senior analyst Qin Chuan, who has studied the investment fields of Bitcoin, Ethereum, futures, spot, gold, forex, and stocks for many years. Currently, he mainly guides futures operations, with a solid theoretical foundation and practical experience. He excels in combining technical and fundamental analysis, emphasizes capital management and risk control, and has a steady and decisive operating style. He is widely recognized by investment friends for his amiable and responsible character and decisive operations. For more real-time investment strategies, trading techniques, operational skills, and knowledge of candlestick charts, please follow the public account: Zhao Qin Chuan.

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

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