A new month begins in February, happy Monday! From a technical perspective, the weak structure has officially formed, with MACD and RSI indicators showing synchronized weakening momentum, indicating a strong continuation of the bearish trend.
Short-term support is currently at the 75,000-76,000 range. If this level is broken, the price will directly target the important psychological level of 70,000. ETH has fallen below the previous support zone of 2550-2600, with RSI entering a weak momentum zone. Once the critical support at 2350-2400 is broken, the bearish trend will be confirmed and solidified.
The current short- and medium-term market outlook is predominantly bearish. Until key resistance levels are effectively reclaimed and stabilized, all rebounds should be viewed as opportunities to short rather than trend reversal signals. Core trading strategy: short on rallies, follow the trend.
Trading Recommendations
Bitcoin: Short positions in the 77,000-78,300 range, targeting 76,000-74,700.
Ethereum: Short positions in the 2,280-2,350 range, targeting 2,230-2,120.
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AHeadOfBlackHair
· 3h ago
Your analysis is particularly impressive, very accurate indeed.
Monday Morning Jing Yi Trading Strategy Analysis
A new month begins in February, happy Monday! From a technical perspective, the weak structure has officially formed, with MACD and RSI indicators showing synchronized weakening momentum, indicating a strong continuation of the bearish trend.
Short-term support is currently at the 75,000-76,000 range. If this level is broken, the price will directly target the important psychological level of 70,000. ETH has fallen below the previous support zone of 2550-2600, with RSI entering a weak momentum zone. Once the critical support at 2350-2400 is broken, the bearish trend will be confirmed and solidified.
The current short- and medium-term market outlook is predominantly bearish. Until key resistance levels are effectively reclaimed and stabilized, all rebounds should be viewed as opportunities to short rather than trend reversal signals. Core trading strategy: short on rallies, follow the trend.
Trading Recommendations
Bitcoin: Short positions in the 77,000-78,300 range, targeting 76,000-74,700.
Ethereum: Short positions in the 2,280-2,350 range, targeting 2,230-2,120.
Personal opinion, for reference only.