‍#深度创作营

February 26-25 Market Analysis Quick Update
‍$BTC This afternoon I bought long positions at 65,000.
Now I’ve set stop-loss to break-even; I’ll look for another opportunity if it drops again.
From the chart, it looks like the small-scale head and shoulders bottom has already shifted into a larger-scale head and shoulders bottom.
If it breaks through 66,500, that will be the maximum target.
Next, we should watch the resistance around 67,500-68,500. If the pattern follows the head and shoulders bottom as expected, it could easily reach around 71,000 to take profits. The closer to 60,000, the less attractive it is to short.
Let’s join the long camp.
If this long position doesn’t hit stop-loss, I plan to take profit at 71,000.
Can’t reduce the position at all.
‍$ETH The pattern also shifted from a small-scale to a larger-scale head and shoulders bottom, with a target around 2,100. Just be careful to set a protective order when going out.
Feels like this time is really different 😭
‍$SOL Since the start of this bear market, the copycat vibe has been getting stronger.
It feels like DOGE, Bitcoin, and Ethereum are still oscillating, but it just suddenly dropped sharply.
It’s also very volatile, but it can’t withstand the drop, and SOL keeps unlocking.
This year, we might actually see SOL drop to 30.
For SOL, shorting is still a good idea; I don’t recommend holding long positions on this coin.
In the oscillation, it keeps making new lows, so there’s no need to go long on SOL. Shorting it is just to watch the 90 level of Bitcoin.
‍#BTC #eth