Yueying: Bitcoin and Ethereum Market Analysis Today (February 25th) - Will the key short-term support level provide a lifeline for the bulls after testing previous lows again?

Bitcoin's daily chart shows a bearish candlestick pattern, with the price opening lower and testing the lower Bollinger Band. The Bollinger Bands, after narrowing, are slightly widening again. The MACD lines show signs of turning downwards, with decreasing volume. The KDJ indicator is trending downwards again; watch for support near the zero line. The VR indicator is consolidating around 50. On the 4-hour chart, the price encountered resistance around the 7-day moving average, resulting in limited rebound strength and a continued downward test. The Bollinger Bands are widening, short-term moving averages are trending downwards, the MACD lines are extending downwards, and the volume bars are increasing. The KDJ indicator is trending downwards again; watch for support near the zero line. The VR indicator is consolidating around 100. Overall, the market remains weak, with limited rebound strength. Short-term support is crucial; a break below this level could lead to new lows. For now, consider short-term entry points based on support levels. First, watch the 62000 level, followed by the previous low. A break below this level could accelerate the search for new lows in the 58000-57000 range. See intraday short-term recommendations below. Bitcoin Short-Term Suggestion: Buy at 62500 (or 60800) (Take profits as needed after strategy activation). Ethereum's overall technicals are correlated with Bitcoin's. Current support is around the previous low. Short-term strategy revolves around whether this support holds or is falsely broken. If a strong breakout occurs, it will test the support area around 1580-1500. Intraday short-term strategy: Buy, focusing on support above 1730 and around 1650. Ethereum Short-Term Suggestion: Buy at 1780 (or 1688) (Click the image to see the homepage introduction for more coin analysis). —I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!