February 21 Midday Market Analysis!

Bitcoin's hourly chart is now showing a clear trend. The lows are gradually rising, but the highs haven't made new highs. The level at 68,505 has been tested four times repeatedly, but it hasn't been broken through. Multiple bullish attempts have failed, and the momentum is running out. If it can't push higher again, a reversal and pullback are likely.

Currently, Bitcoin is consolidating in a triangle pattern. The support at 67,448 is a key neckline. Once a volume-driven breakdown occurs, it will likely retest around 66,744. If it can't break above the resistance and doesn't fall below the support, it will oscillate between 66,578 and 68,231. Only a breakout from this range will indicate a clear direction.

$BTC Trading strategy is straightforward: a volume breakout above 68,318 signals a long entry, targeting 69,246-70,065; a volume breakdown below 67,477 with a failed rebound suggests a short position. If the 4-hour chart drops below 67,471, look for support at 66,168-65,145. Remember key resistance levels at 68,318, 69,246, 70,065 and support levels at 67,446, 66,552, 65,576. Don't chase blindly without a breakout.

Ethereum is currently oscillating below the midline of its range, with stable movement. To move higher, it must first break through the midline; otherwise, it will test the lower boundary of the range. If it can't hold, a sharp decline may follow. Clear trading points: volume breakout above 1,968 for a long, breakdown below 1,959 for a short, both with stop-losses in place.

$ETH On the trading front, a rebound from the 1,907 support is valid for a long position; a breakdown below 1,866 should trigger a stop-loss. If the hourly chart stabilizes above 1,982, look for targets at 2,015-2,042. A light short position can be taken at 2,015, with a stop-loss at 2,051. Place a buy limit at 1,851; if it breaks below 1,814, stop-loss. Resistance levels are 1,982, 2,015, 2,042; support levels are 1,957, 1,907, 1,865. If the 4-hour chart breaks below 1,936, look for support at 1,904-1,869.

Overall, both assets are oscillating within key ranges. Without a breakout signal, it's better to watch more and act less. Follow key levels strictly, set stop-losses properly, and avoid gambling on the direction.