Gu Jingci: 2.17 Bitcoin/Ethereum Continues to Profit from Long and Short Positions with Evening Market Analysis

In recent days, Bitcoin and Ethereum have repeatedly entered long positions around 1950 and short positions near 2095. Yesterday, I repeatedly reminded to wait for a pullback before entering long positions. The overall space for Ethereum is at least four or five hundred points, not to mention Bitcoin, which has more room to move. The current market is once again pushing higher and then pulling back. During the Spring Festival, the overall volatility is not large, but it is this narrow-range fluctuation that makes it easier to capture profit. On the 4-hour chart, the candlestick pattern shows that after a volume-driven decline, the price is now consolidating at a low level. Recently, the candlesticks all have upper and lower shadows, indicating that in the short term, there is still resistance above and support below.
On the daily chart, the small real-body candlesticks over the past two days indicate that the market has entered a correction after a decline, with insufficient momentum for a rebound. Technical indicators show that on the 4-hour chart, the MACD DIF and DEA are both below the zero line, with DIF below DEA, and the MACD histogram is negative and expanding, indicating that the rebound strength is weak. However, during the pullback, the price has again approached a key support level. As long as it does not break below this support, there is no need to be overly bearish. It is advisable to rely on the support level and wait for another pullback to enter long positions.
Evening trading suggestions: Buy near 67200 to 67600 for Bitcoin, with targets around 69000 to 70000; buy near 1940 to 1960 for Ethereum, with targets around 2030 to 2060.