Director's 997th original daily market analysis 2023.2.22
1. Market sentiment:
2. Chart structure:
1. Big Pie
The structure of the pie 1H:
The Bitcoin price has changed from a converging triangle center to a rectangular center. Let’s continue to fluctuate. 23100 is the lower edge of the center. The short-term support is in the 24000-23800 area. There is still no direction at present. Bitcoin continues to follow the US stock market.
The market sentiment is estimated to wait for the CPI results to take a direction. Let's see whether the next CPI will rebound. Now the market has begun to prepare for pricing.
The structure of the 15F pancake:
This short-term decline of 15F has already shown a bottom divergence of 15F. In the short term, it is estimated that there will be a rebound trend of 15F. The expected height will not exceed 24800 and the position will be suppressed, and then continue to decline by the third 15F.
Looking at the strength of the third decline, it is estimated that 24000-23800 should be able to hold it. If it does, there will be a chance for a 1H rebound, and there is still a chance of continuing to see the 2.5W position.
2. Concubine:
The structure of Aunt 1H:
The trend of Auntie is the same as that of Pancake, but Auntie is much weaker than Pancake.
The Yitai is still oscillating in this area. The Yitai has fallen to the lower edge of the center, while the big cake has not yet reached it, so from the overall point of view, it is much weaker. It is not recommended to participate in the short term.
Let’s see if there is a rebound here. If you have positions, it is recommended to reduce your positions and avoid it. Let’s see the situation first.
END
Kind tips
Investing is risky. When investing with spare money, remember to never fill your position or take out loans. We only provide information, which does not constitute a recommendation for buying or selling. You are free to buy or sell at your own risk.
