On the daily chart, Bitcoin is currently testing the support level around 63,000. As analyzed earlier, the price has been trading within the 71,000-63,000 range, forming a new consolidation pattern. After testing the resistance level of 70,000-71,000, it began to decline, with the 63,000 support level currently holding. Ethereum's daily chart is moving in tandem with Bitcoin, declining after testing 2150, confirming a new consolidation pattern between 2150 and 1800. Current resistance levels are 1930-2000-2150, while support at 1800 is currently holding. On the 4-hour chart, the consolidation pattern formed by Bitcoin and Ethereum is very clear, and they have undergone a back-and-forth testing process. Bitcoin is between 71,500 and 62,500, while Ethereum is between 2150 and 1800. The price is currently retesting support, very close to the support level. Therefore, it is recommended to buy on dips and wait for the price to break out of the range before entering further positions. Trading Strategy: Bitcoin: Buy at 63500-64000, target 65000-66000, stop loss below 62000; Ethereum: Buy at 1840-1860, target 1930-2000, stop loss below 1790; Strategies are time-sensitive, please refer to private real-time guidance for specific details!
Bitcoin and Ethereum Trend Analysis and Trading Strategy (February 28th)
2026-02-28 12:50:14
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