2-24 Bitcoin and Ethereum Market Analysis: Continuing the High-Altitude Strategy

These days, the entire network's enthusiasm for chasing gains is at its peak. Old Guo has been consistently shorting and winning streaks, going with the trend. Today, Bitcoin perfectly hit the 2000-point space, with a real position profit of 20,000 USD. No hype, no blackening, no hindsight playing. Old Guo’s strength is fully transparent and witnessed throughout! If you can't determine the direction or handle operations well, trust Old Guo for steady layout and strict risk control. Steady operation, and the turnaround is just around the corner.

Back to today's market: Bitcoin suddenly plunged early in the session, quickly dropping near 64,000. After the bearish momentum was fully released, it rebounded slightly, but the rebound is not a reversal. Currently, the price is weakly oscillating around 63,000, with no force for a bullish counterattack. The 4-hour chart shows a stepwise decline, with a bearish moving average alignment, MACD forming a death cross and diverging downward, and KDJ at a low level with no turning point. Overall, the bearish trend is clear. Any short-term rebound is an opportunity to short, do not blindly bottom fish.

Ethereum is weakening in sync, breaking below the key support at 1900 and continuing its weakness. Its trend is even weaker than Bitcoin, with rebounds facing resistance and declines flowing smoothly. Maintain the high-altitude strategy, do not go against the trend, and do not hold onto positions blindly.

Trading Suggestions:
- Bitcoin: Short in batches within the rebound zone of 63500—63800, targeting 61000—62000.
- Ethereum: Short in batches within the rebound zone of 1840—1860, targeting 1700—1750.

The market is not lacking opportunities, only precise direction is missing. Trust Old Guo for steady compound growth without rushing. Follow the trend to short and capture the main decline, and the next wave of profits will continue to be safely secured!