Friday, 2.27 Bitcoin Analysis

As the weekend approaches, market trading gradually narrows, entering a predominantly sideways and slightly bearish pattern. The bullish momentum on the chart continues to weaken, with rebounds lacking strength and insufficient volume. Short-term upward space is limited, and risks outweigh opportunities. Bottom-fishing and chasing longs require high caution; avoid entering blindly.

Today's trading strategy focuses on shorting during rebounds, following the trend.
Key resistance above: around 68,000, near the psychological and high-volume trading zone. A rebound to this level may be considered for partial short positions, with strict control over position size and risk.
Core support below: around 66,500. If broken and stabilized, it indicates further dominance of the short-term bears, opening downward space accordingly.

Weekend market fluctuations are easily influenced by sentiment and capital, with slowed pace but not low risk. Be prudent, avoid fighting the trend or going against it, trade lightly with the trend, and strictly control risk.
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