Bitcoin and Ethereum Analysis for February 26th

Bitcoin Technical Analysis — The previous short-term strategy for Bitcoin was to buy at 62500. The price rebounded from around 62400, making a move of over 3000 dollars. On the daily chart, the previous candlestick closed with a wick, awaiting support around the lower Bollinger Band. Intraday, the price opened higher, testing the 7-day moving average. The Bollinger Bands are narrowing, with short-term moving averages around the middle band forming short-term resistance. The MACD fast and slow lines are moving upwards again, with the volume bars increasing. The KDJ indicator has found support and turned upwards, while the VR indicator is consolidating around 50. On the 4-hour chart, the price rebounded after testing the lower Bollinger Band, breaking through the middle band and testing higher. The Bollinger Bands are narrowing and flattening, with short-term moving averages turning upwards. The MACD fast and slow lines are crossing upwards, with the volume bars increasing. The KDJ indicator is extending upwards; watch for resistance around 100. The VR indicator is consolidating around 90. Overall, the market rebounded after testing the bottom again, and short-term support remained intact. However, the resistance above still needs to be monitored. If it cannot break through, the structure will remain weak and volatile. The resistance at the daily mid-line is a key short-term level, which is the resistance around 68,000 mentioned before. On the downside, watch the short-term support around 63,800. See short-term suggestions. Bitcoin short-term suggestions: Long at 64,300, Short at 67,500 (Take profits as needed after strategy activation). Ethereum technical analysis — The previous long strategy for Ethereum was off by more than 10 dollars, but the overall strategy was not too far off. The support held, and the market rebounded. The overall technical analysis is linked to Bitcoin. Watch the short-term resistance around 1980-2030. Short-term traders can short again in this area. If it breaks through, watch the upper resistance of the trading range around 2130. On the downside, watch the short-term support above 1820. See short-term suggestions. Ethereum short-term suggestions: Long at 1870, Short at 2018 (Take profits as needed after strategy activation).