2026-02-27 03:59:45

February 27th Midday Bitcoin Public Strategy

After a false break below 70,000 yesterday followed by a pullback, it broke the downtrend flag pattern. It retested the support at 66,747, with the lower boundary of the flag at 68,011 = current strong resistance + W bottom neckline. Conditions for the hourly W bottom formation: a volume breakout above 68,011, returning inside the flag. If it doesn't break through, it will oscillate between 66,747 and 68,011, making a deep decline unlikely.

Trading Suggestions:
- Buy on volume breakout above 67,578 on the right side, stop loss at 66,700
- If volume drops below 66,739 with a failed rebound and can't reclaim the right side, short with stop loss at 68,050
- Swing trading: If it stabilizes above 68,011, target 69,232–70,130; if it breaks below 67,323, target 66,409–65,220

BTC-1.69%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes