Trader Yu Xin: On 2.23, Bitcoin and Ethereum Fear & Greed Index reached a low point. Where is the turning point for the market rebound?

      Looking at Bitcoin from the daily chart, it has maintained a weak oscillation for nearly half a month. The price has been consistently suppressed by the MA5/10 moving averages. If it can successfully break through and stabilize above this level in the short term, the short-term weak decline may end, turning into a consolidation phase. On the 4-hour chart, the short-term trend shows that the MA120 is continuously declining. The resistance zone above is around 6.73-6.87. Currently, focus on whether this resistance can be broken and stabilized. The fear index is approaching a very low point. If the decline slows down, it may signal the end of this wave and a phase of rebound correction.
      Looking at Ethereum from the daily chart, it also shows a weak oscillation. The decline has not created a lower low so far. In the short term, focus on whether it can break and stabilize above the MA5/10 moving averages, around the 1950-2000 price range. On the 4-hour chart, watch for stabilization above the 2000 level. If it holds, a continued rebound trend is likely. This level is also a key resistance at the MA256 on the 1-hour chart. For trading, consider buying on dips and building long positions.
     Evening trading ideas (draft time: 20:00)
  BTC: Long at 6.6, add to long on dips at 6.5, target 6.8/6.9; consider short positions at 6.9/70,000 for short-term trades, mainly long with some short positions
  ETH: Long at 1900, add to long on dips at 1850, target 2000; consider short positions at 2050/2100 for short-term trades
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