Market Analysis for 2.26

In the early morning, the bulls quickly launched a counterattack, pushing above the 70,000 level before facing resistance and pulling back. Currently, Bitcoin is consolidating around 68,100.

On the 4-hour chart, the dual moving averages are diverging upwards, indicating a temporary warming of bullish momentum. However, the candlestick shows a V-shaped rebound; even if it temporarily breaks above the upper band, the rebound strength has not been sustained. The medium-term downtrend remains unchanged; this is only a technical correction, not a trend reversal.

The 70,000 resistance level is quite strong, with limited upward space. It is not recommended to chase longs at high levels. Be cautious of a pullback after a rally.

Bitcoin (Big Coin) Trading Suggestions:
Rebound near 68,600–69,800, short at this level, target 67,900–66,400, and watch for a break below for further decline to 62,000–65,500.

Secondary Coin (Small Coin) Trading Suggestions:
Rebound near 2,077–2,123, short at this level, target 1,976–2,046.