2.26 BTC Market Analysis

In the past few days, our approach to BTC has been that as long as it doesn't break 63,000, we will look for a rebound. Based on our expectations, a rebound has occurred. I also discussed yesterday that my strategy is to watch for a rebound after a divergence on the 12-hour chart. Currently, the divergence has already formed, so the overall trend still hasn't fully rebounded.

For intraday trading, a very important level to watch is the 1-hour level. After breaking through 66,400 at this position, it faced resistance at the previous resistance level of 69,800 and pulled back. Intraday, we should pay attention to the 66,400 level—if it doesn't fall below this, there is still room for upward movement.

In summary, today’s market is likely to oscillate and retrace. As long as the key levels are not broken, a rebound is still possible. Support levels are 66,400-64,300, and resistance levels are 69,700-71,600.