Gu Jingci: Bitcoin/Ethereum Evening Trading Strategy with Market Analysis (February 28th)

Bitcoin/Ethereum fell in response to afternoon news, but compared to the significant volatility caused by previous news events, the current fluctuations are minor. We added to our long positions during the morning pullback, and the average price is still quite good. On the 4-hour chart, recent candlesticks have been consecutively bearish with large bodies and upper shadows, indicating that bears are in control and there is heavy selling pressure above. The price touched lows of around 1833 and 63000, showing strong bearish momentum. On the daily chart, consecutive large bearish candlesticks have appeared, and the price is only a short distance from the previous daily lows of around 1795 and 62500. We should pay attention to the support level at this low point tonight. On the 4-hour chart, both the DIF and DEA lines are below the zero line, with the DIF line continuously crossing below the DEA line. The MACD histogram is negative and expanding, indicating that the market is in a strong bearish trend with very strong downward momentum. The overall trend is currently weak. We should pay attention to the recovery situation tonight and over the weekend. If the previous daily low is broken again, the trend will weaken further. Evening Trading Suggestions: Buy Bitcoin around 63,000-63,500, with a target of 65,000-66,000; Buy Ethereum around 1830-1850, with a target of 1900-1950, and further targets at 62,000 and 1780. 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 updates.