2026-02-24 03:38:40

2.24BTC/ETH Market Outlook:

First of all, congratulations to those who took short positions and made profits yesterday, whether it was shorting Bitcoin at 65,500 or 66,500, or Ethereum around 1900. It was an easy 2000+ points profit on Bitcoin and 60+ points on Ethereum—comfortable and effortless! In this market, there's no need to overthink and guess the bottom; just follow the trend and go short. There's no need to worry about rebounds; rebounds are just for reversing and catching the other side! Rebounds are part of the process, but the decline is the main outcome. Rebounds are just to set up for a better drop! When trading, try to focus on short positions and cherish every opportunity to catch the reversal.

Bitcoin daily K-line Bollinger Bands are severely narrowing. Currently, the price is tightly hugging the lower band, which has been rising and opening upward previously. Now it is starting to slow down, flatten, and gradually open downward, creating more space for downside movement. KDJ and RSI are both turning downward, and MACD bullish momentum continues to shrink, indicating a bearish trend!

On the 4-hour chart, both the mid and lower Bollinger Bands are opening downward. The price has broken below the lower band and is pressing downward along it. KDJ and RSI are turning downward, and MACD bullish momentum continues to decrease, indicating a bearish trend! The hourly chart shows the price also pressing downward along the lower band. Although KDJ and RSI are oversold, they are turning downward, and MACD bearish momentum is increasing. No clear sign of stopping the decline has appeared yet, so the trend remains bearish!

For intraday trading, the focus remains on short positions. Resistance levels above Bitcoin are at 64,500, 65,500, and 66,500. Consider entering short positions around these levels in batches, with targets down to 63,500, 62,500, and 61,500.

For Ethereum, resistance levels are at 1,850, 1,900, and 1,950. Consider shorting around these levels in batches, with targets down to 1,800, 1,750, and around 1,700.

BTC3,08%

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