2.27 Morning

On the morning of February 27th, Bitcoin experienced repeated fluctuations and consolidation at high levels yesterday. In the early hours, it moved as expected, forming a rebound pattern, with the lowest dropping below 66,500. The previously targeted range of 68,500–69,000 was successfully achieved, with a rebound that gained over 2,000 points, and currently, it is consolidating around 67,500.

From the four-hour chart perspective, after Bitcoin initially surged to the 70,000 level and encountered resistance, it entered a sideways consolidation phase. Recently, the downward momentum has continued, and the short-term strong rebound rhythm has basically come to an end. The attached indicators MACD and KDJ are both showing a head-and-shoulders pattern, indicating that there may still be further short-term pullbacks.

Intraday: Focus on rebounds, wait for the price to retest key support, then consider adding long positions.

Bitcoin: Range-bound between 67,700 and 68,500, with a target of 66,000; if broken, look at 64,800.
Altcoin: Range-bound between 2,040 and 2,090, with a target first at 1,920; if broken, look at 1,880.