Gu Jingci: 2.21 Bitcoin/Ethereum Bull and Bear Continues to Profit, Evening and Midnight Market Analysis

Bitcoin/Ethereum rebounded from yesterday's lows around 66,400 and 1,920 to currently near 68,600 and 1,995. The overall rally is not very large, and the market remains in a consolidation trend. The retracement long positions we added last night also achieved good gains. Currently, the hourly chart shows a sideways upward movement, and the daily and four-hour moving averages are beginning to converge and turn upward, indicating that the consolidation may be ending and a further rally could occur. Short-term resistance is at around 70,000 and 2,030. Once these levels are broken and stabilized, the market could see further upward movement.

On the Bitcoin chart, the four-hour and daily candlestick patterns show multiple dips followed by rebounds and continuous bullish candles, indicating short-term buying strength is dominant. On the daily chart, the last two candles are bullish, and the latest daily closing price is near the high, confirming a short-term reversal signal. Technical indicators show MACD forming a golden cross on the four-hour chart, with the DIF line crossing above the DEA line, and the MACD histogram turning positive and continuing to expand, indicating strong upward momentum. However, trading volume has decreased during the rally, which may suggest that short-term upward momentum could face resistance or consolidation near key integer levels.

Evening and Midnight Trading Recommendations: Continue to go long near 67,300 to 67,800 for Bitcoin, with targets around 69,500 to 70,500; go long near 1,940 to 1,960 for Ethereum, with targets around 2,020 to 2,050.

Daily analysis and strategy have a high success rate, and can be referenced. Please note that analysis and strategies are for reference only; risk is borne by yourself. The article is not guaranteed to be timely; please follow real-time market conditions!