2-27 Market Analysis: Continuing the Bullish Outlook

Yesterday, Bitcoin and Ethereum long positions continuously gained significant profit, totaling 14,500 USD. The market is active every day. Old Guo’s strength is the best proof of gains. If you can’t predict accurately or trade well, trust Old Guo!

From the 4-hour chart perspective, Bitcoin’s attempt to break the 70,000 level was met with resistance and pulled back. Recently, the overall focus has been shifting downward, with the market showing oscillation and weakening. Each rebound is weaker than the last, and the phase of counterattack has basically ended.
Indicators show MACD in a bearish expansion, KDJ diverging downward, all indicating a bearish trend. The bears have a clear advantage. There is still room for further decline in the short term, and today’s trend is likely to continue oscillating and falling back.

On the hourly chart, the price quickly dropped from the upper Bollinger Band to below the middle band. Short-term rebounds face obvious resistance, trading volume continues to shrink, and selling pressure above is heavy. Bullish momentum is continuously weakening.
Yesterday’s rally driven by positive news was merely a technical oversold rebound, not a trend reversal. Do not interpret it as a signal of bullish trend restart.

Trading Recommendations
Bitcoin (BTC): Short in sections within the 67,500–68,000 USD range, targeting 64,000–65,000 USD.
Ethereum (ETH): Short in sections within the 2,040–2,060 USD range, targeting 1,850–1,900 USD.