Crypto Circle Mr. Coin: 2.23 Bitcoin (BTC)) Market Analysis

Looking at the short-term trend of Bitcoin, it still maintains a weak oscillation. Yesterday's gains have begun to slowly retrace, but as long as the short-term key support at 66,000 is not broken, the oscillation pattern will not change. Therefore, Mr. Coin recommends mainly shorting on rebounds. The 4-hour chart shows consecutive bearish candles breaking below the EMA7 moving average (67,983→67,642), indicating weakening bullish momentum in the short term; simultaneously, the 4-hour MACD indicator's DIF (92.2) crosses below DEA (49.6), with decreasing histogram volume, further confirming short-term weakness. However, support below remains clear: on the daily chart, a long lower shadow was formed on February 20 (66,280→68,318), showing significant buy support around the 67,500 area, and the current price is testing the key support near the 4-hour EMA30 (67,000). Although the daily MACD remains in a death cross, the green bars have narrowed, indicating that the bulls and bears are entering a critical phase. It is expected that consolidation will continue for some time. Traders can wait for a breakout of the 66,000-69,000 correction zone for clearer market signals.

Short-term reference for 2.23 Bitcoin:
Short at 68,500-69,500, with a defense at 71,500, stop loss at 500 points, targeting below 67,500; long at 66,500-65,500, with a target above 77,500, stop loss at 500#Gate广场发帖领五万美金红包