Tuesday, 2.17 Midday Market Analysis.


BTC four-hour chart shows two consecutive false breakouts upward, both at the 69,000 level, indicating that a strategy of selling on rallies is still valid.
As long as the 69,000 key level is not broken, the medium to long-term trend is still downward, with an important support level below being the upward trendline. Breaking below this would be a strong bearish signal.
BTC Trading Suggestions: Enter in batches around 69,000 short positions, add to longs at 70,000, stop loss above 70,500, take profit at 67,500-65,800.
ETH Trading Suggestions: Short positions above 2,000, add at 2,050, stop loss above 2,080, take profit at 1,960-1,920.
BTC4.37%
ETH3.21%
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