Thursday Afternoon Market Analysis for Mufeng on 2.26
In the early session, BTC surged to 69,999 but faced resistance and pulled back, with a low of 67,572 before stabilizing and rebounding; ETH moved in tandem, reaching 2,149 before facing resistance and falling back, with a low of 2,033. The current market remains in a volatile consolidation pattern. In our live trading, we also took flexible positions, successfully securing two orders, indicating there are still great opportunities.
The 4-hour chart shows a pullback to above the middle Bollinger Band for consolidation, which is a normal technical correction without deep retracement. The bullish trend remains solid, and selling pressure is almost exhausted. In terms of strategy, stick to a bullish mindset and gradually build positions on pullbacks.
Mufeng Trading Recommendations: Bitcoin: Buy at 67,500–68,000, target around 70,000 Ethereum: Buy at 2,020–2,050, target around 2,150
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Thursday Afternoon Market Analysis for Mufeng on 2.26
In the early session, BTC surged to 69,999 but faced resistance and pulled back, with a low of 67,572 before stabilizing and rebounding; ETH moved in tandem, reaching 2,149 before facing resistance and falling back, with a low of 2,033. The current market remains in a volatile consolidation pattern. In our live trading, we also took flexible positions, successfully securing two orders, indicating there are still great opportunities.
The 4-hour chart shows a pullback to above the middle Bollinger Band for consolidation, which is a normal technical correction without deep retracement. The bullish trend remains solid, and selling pressure is almost exhausted. In terms of strategy, stick to a bullish mindset and gradually build positions on pullbacks.
Mufeng Trading Recommendations:
Bitcoin: Buy at 67,500–68,000, target around 70,000
Ethereum: Buy at 2,020–2,050, target around 2,150