2026-02-24 06:16:47

2-24 Afternoon Analysis: Continuing the High-Altitude Momentum

Bitcoin initially retreated from the 60,000 level and then rebounded, once fluctuating within the 66,000–70,000 range, maintaining a consolidation pattern. The bulls and bears engaged in a brief tug-of-war.
However, the recent market has clearly weakened, with the moving average system turning downward to suppress prices. The MACD indicator remains weak, trading volume is gradually shrinking, and the rebound momentum is severely lacking.
Key support levels below have been consecutively broken, and the bears have regained control of the market rhythm. A downward structure has already been clearly formed.
The current trend is mainly to follow the trend and go short, avoiding contrarian bottom fishing, and strictly managing risk and stop-loss.

Trading Suggestions
Bitcoin rebound at 63,500–63,800: go short, target 61,500–62,000
Ethereum rebound at 1,840–1,860: go short, target 1,700–1,750

BTC0,8%

ETH2,47%

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