The short-term support is 97598~96880 (1:2 quick in and out), the second support is 94666~93086 (the adjustment time will be extended, and the rebound will be exited first), and the previous luck single point remains unchanged.
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Herman_Z
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Daily market interpretation - BTC 02/21
Overall analysis
From the 12-hour to the daily level, BTC remains positive, and the price is close to the previous suppression level of 99,600, but has not yet broken through. Although there has been an increase recently, it has not broken through the previous high. It is recommended to avoid chasing the rise to avoid buying at local highs. There are signs of bottoming out at all levels, but the medium- and short-term structural suppression has not been broken. The general direction of the subsequent market is not bad, and the timing of entry needs to wait for volatility to increase.
Short-term operation suggestions
• Current suppression level: 99,600 (spot profit stop, small stop loss short, keep the first suppression or return to the cost).
• First suppression level: 100204-101052 (the night high point to this area needs to be supplemented with large volume, and you can consider entering the market after 8 hours of sideways trading, with a stop loss of 99480).
• Second suppression level: 102499-103646 (after reaching this area, it is necessary to step back to the first suppression level around 99600, and stop loss is 99480).
Medium- and long-term operation suggestions
Medium- and long-term chips can set a capital protection order and wait for a breakthrough before adjusting the strategy.
Market sentiment and technical analysis
• BTC closed positive at the daily level, the Bollinger Bands closed, and the MACD bullish volume increased, but it is necessary to pay attention to the breakthrough of the upper suppression level.
• The 1-hour to 4-hour level shows a "head and shoulders bottom" pattern, which is currently rising at the neckline position, but it is necessary to pay attention to risks before breaking through.
Summary
BTC's overall trend tends to fluctuate. It is recommended to operate cautiously before breaking through and wait for clear signals before entering the market.
Overall analysis
From the 12-hour to the daily level, BTC remains positive, and the price is close to the previous suppression level of 99,600, but has not yet broken through. Although there has been an increase recently, it has not broken through the previous high. It is recommended to avoid chasing the rise to avoid buying at local highs. There are signs of bottoming out at all levels, but the medium- and short-term structural suppression has not been broken. The general direction of the subsequent market is not bad, and the timing of entry needs to wait for volatility to increase.
Short-term operation suggestions
• Current suppression level: 99,600 (spot profit stop, small stop loss short, keep the first suppression or return to the cost).
• First suppression level: 100204-101052 (the night high point to this area needs to be supplemented with large volume, and you can consider entering the market after 8 hours of sideways trading, with a stop loss of 99480).
• Second suppression level: 102499-103646 (after reaching this area, it is necessary to step back to the first suppression level around 99600, and stop loss is 99480).
Medium- and long-term operation suggestions
Medium- and long-term chips can set a capital protection order and wait for a breakthrough before adjusting the strategy.
Market sentiment and technical analysis
• BTC closed positive at the daily level, the Bollinger Bands closed, and the MACD bullish volume increased, but it is necessary to pay attention to the breakthrough of the upper suppression level.
• The 1-hour to 4-hour level shows a "head and shoulders bottom" pattern, which is currently rising at the neckline position, but it is necessary to pay attention to risks before breaking through.
Summary
BTC's overall trend tends to fluctuate. It is recommended to operate cautiously before breaking through and wait for clear signals before entering the market.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.