2.28 Afternoon Analysis

In the morning, Bitcoin exhibited a typical trap rally pattern, quickly retreating after a short-term surge above 66,000. Currently, it is slightly rebounding and correcting, with a daily decline of over 2,500 points. Early trading saw most long positions being trapped. The main force used the rally to lure in longs before reversing and selling off, causing market sentiment to shift rapidly from enthusiasm to caution.

The four-hour candlestick chart shows a long upper shadow, with the 66,000 level forming a strong resistance zone and clear selling pressure above. The short-term MACD has a dead cross downward, and RSI has fallen back into a weak zone, indicating that the bearish momentum is temporarily dominant.

Trading Strategy

Sell in batches within the 64,000–64,500 range, targeting 62,000–62,500.

Sell in batches around 1,870–1,890 for Ethereum, targeting 1,800–1,750.