February 17th BTC/ETH US Master Strategy

Today is the first day of the Lunar New Year. Wishing all the bosses a prosperous account, abundant wealth, and steady compound happiness throughout the year.

Bitcoin: Last night’s trading session saw a downward move, but fortunately, the market recovered in the early hours of today. After the recovery, the key focus now is to identify whether the two large bearish candles from last night are signals of “trapping the shorts” or “trapping the longs.” The critical point for judgment is whether the 69000 level can be broken. The resistance above is the 70000 integer mark, and the support below is at 67150. As for the chaotic period here, I won’t make predictions. If the outlook is bullish, you can consider adding longs near the 67150 level, using 67150 as a stop-loss. Similarly, if bearish, look for opportunities below 70000 to short, with 70000 as a stop-loss. (See the chart for details)

Ethereum: The 1940-1965 zone remains very strong. In fact, ETH has been quite proactive recently, but its synchronization with other coins isn’t good enough to form a resonance. The support below remains at 1940-1965. The resistance above is still at 2000-2015. The key point in determining whether it’s a shakeout or a trap is which of these two levels gets broken. Breaking through 2015 indicates a bullish breakout, while falling below 1940 suggests caution and the possibility of opening up lower space.
Once again, I wish everyone a prosperous Year of the Horse, great wealth, success in all your wishes, and all the best!