2.20 Friday Midday Market Analysis

Currently, BTC has reached a critical level again. It is at the upper boundary of the 4-hour descending channel and has the potential to break above the 4-hour MA20. If both can be broken, a rebound will follow. From the hourly chart perspective, as long as BTC price stays above 66,000, it is approaching a mid-term rebound from the lows set two weeks ago;
The pullback to the 65,000 level on the 13th is also an important support level. The current trend continues to resemble recent patterns of "white session recovery, evening session weakness." The current rebound is supported by the relatively stable 66,000 level.
The resistance levels above on the 120-minute and 4-hour charts are 67,800--68,800. Overall, today's strategy indicates a clear range. On the news front, Iran's Ministry of Defense has entered full combat readiness.
The PCE Price Index will be released tonight at 9:30.
Higher than expected indicates a bearish impact; lower than expected indicates a bullish impact.
BTC Trading Suggestions: Long positions around 66,500, add on dips below 66,000, stop loss below 65,500, take profit in batches at 67,800-69,500.
BTC Short Positions: Short around 68,500, add on dips at 69,000, stop loss at 70,000, take profit at 67,500-66,000.
ETH Trading Suggestions: Short around 2,000, add on dips at 2,050, take profit at 1,960-1,930-1,890. Stop loss at 2,100.
ETH Long Positions: Consider long positions around 1,920, add on dips at 1,880, take profit at 1,960-2,000, stop loss at 1,880.