Kujingci: 2.23 Bitcoin/Ethereum Trading Strategy with Market Analysis

Bitcoin/Ethereum ended a multi-day consolidation in the early session with a sharp decline, reaching lows around 64,200 and 1,845. The overall downward space remains considerable. Our yesterday evening's retracement long position was also forced to exit due to unforeseen circumstances, ending a streak of consecutive wins. Currently, after the decline, the market has entered another sideways consolidation phase. The daily chart is approaching the lower Bollinger Band region. Pay attention to the support levels around 63,000 and 1,830. If support holds, the market is likely to continue rebounding and climbing higher, and this rebound after a dip could go even further. From a technical perspective, the "Big Pie Auntie" formed a head after reaching a high in August last year. The current neckline is around 63,000 and 1,780 to 1,800. Although there is some downward pressure, both bulls and bears are still engaged in a tug-of-war at this level. In the short term, strong support is near the neckline.

Trading Suggestions: Buy near 64,000 to 64,500 for Bitcoin, targeting around 66,000 to 67,000; buy near 1,840 to 1,850 for Ethereum, targeting around 1,920 to 1,960. If broken, expect further upward movement toward 69,000 and 2,050.

Daily analysis and strategy success rates are high and can be observed; analysis and strategies are for reference only. Please manage your own risks. The article's review and publication do not guarantee timeliness; always rely on real-time data!