Bitcoin/Ethereum ended its multi-day consolidation in early trading with a significant drop, reaching lows of around 64200 and 1845 respectively, indicating substantial downside potential. Our long positions entered last night were unfortunately closed out, ending our winning streak. Currently, the price has entered a sideways consolidation phase after the dip, and the daily chart is approaching the lower Bollinger Band. We should watch the support levels at 63000 and 1830. If these support levels hold, the price will likely rebound further, and this post-dip rally could go even higher. Technically, Bitcoin/Ethereum formed a head and shoulders pattern after reaching its high last August, with the neckline currently around 63000 and 1780-1800. Despite the current decline, the bulls and bears are still locked in a tug-of-war around this level. In the short term, strong support lies near the neckline. Trading suggestions: Buy Bitcoin around 64,000-64,500, with a target of 66,000-67,000; Buy Ethereum around 1,840-1,850, with a target of 1,920-1,960, and if it breaks through, continue to target 69,000 and 2,050. Our daily analysis and strategies have a high win rate and are available for viewing. However, this analysis and strategy are for reference only; please bear your own risk. Article review and publication are not timely; please refer to real-time information.
Gu Jingci: Bitcoin/Ethereum Trading Strategy with Market Analysis (February 23)
2026-02-23 02:22:04
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