Gu Jingci: Bitcoin/Ethereum Evening and Early Morning Trading Strategies with Market Analysis (February 20th)

Bitcoin/Ethereum's overall price movement during the Chinese New Year period is quite predictable. It has been consolidating sideways for the past few days, which is actually an easier time to profit from. With patience, one can make gains. The only exception is when the price moves in a back-and-forth pattern, fearing both a drop when going long and a rise when going short. On the 4-hour chart, Bitcoin and Ethereum's recent candlesticks show a series of long lower shadows after a recent surge, indicating some buying support, but the overall trend remains sideways with no clear clear direction. On the daily chart, the price has been declining since early February, forming a downtrend. The last three daily candlesticks are all bearish, showing strong support in the 1900-1920 and 65000 areas. Technically, the 4-hour MACD is below the zero line, with both the DIF and DEA lines pointing downwards and the MACD histogram negative, indicating a bearish trend. However, the MACD histogram shows signs of narrowing, and the DIF line is slightly upwards, suggesting a slight weakening of bearish momentum, potentially indicating a short-term rebound. Evening and early morning trading suggestions: Buy Bitcoin around 66,500-67,000, with a target of 69,000-70,000; Buy Ethereum around 1930-1950, with a target of 2020-2050. Our daily analysis and strategies have a high win rate and are available for viewing. However, these analyses and strategies are for reference only; please bear your own risk. Article review and publication are not timely; please refer to real-time information.