February 19 BTC/ETH US Market Strategy

Good evening, stay patient and wait for the direction to be clarified. After all, we cannot control the trend; time will give us the answer.

Bitcoin: The resistance range of 69,000-71,400 remains unchanged. The previous support level at 67,150 has now turned into resistance. The near-term recovery target is to watch whether it can break above 67,150. The potential double bottom structure area below is between 63,900-65,400. During the night session, observe whether a bottoming signal appears in this range. The extreme positions are between 62,500-63,900, which is the consolidation zone from February 6. If this area is broken, be cautious of the risk of a breakdown. In terms of trading, both long and short opportunities exist; participate in good positions. However, a breakout in the overall pattern is difficult and may require news catalysts. Pay close attention to news developments.

Ethereum: The 1940-1965 range is at risk of breaking down. During the night session, watch out for the possibility of this range accelerating downward if it fails. The first support level below is at 1873. The extreme positions are near the 1772-1825 range. If this range is broken, be cautious of a rapid decline causing panic selling. However, there's no need to panic emotionally. Reaching these two levels for the first time is an opportunity to test the market on the left side of the range with small positions. Just ensure good defense; the risk-reward ratio is quite favorable. The resistance above remains at 2000-2015.