"Market Analysis for February 24: Short Positions in Hand, I Know the Trend, Enjoy the Crash!"

Yesterday's market once again started to decline in the evening. The chief also led B friends to short at 65900 and 66400 in batches. This drop was predicted yesterday; 66400 might be a good level because on the weekly chart, after hitting the lower Bollinger Band, a three-day consecutive decline began, and currently there is no negative divergence, so the weekly decline might just be starting! On the daily chart, there are several key levels; if the price cannot hold above them, it will continue to make new lows. The crash has only just begun.

$BTC The market for Bitcoin is very simple. If the last line of defense between 61400-61200 cannot hold, then a new daily low for Bitcoin will be seen very soon. So, consider whether to take profits around this area or hold for a bigger move.
$SOL Satoshi mentioned yesterday that the 82 resistance was almost hit, and the 74.5 level is a minor support. The final line of defense is at 71. If it cannot hold here, it will also lead to a waterfall decline.
$ETH Ethereum's resistance at 1922 also broke down yesterday. Short-term support is between 1780-1760. The last line of defense is at 1680. If it cannot stop or bounce back from 1680, it will likely head toward the 1500s.

In summary, the weekly trend suggests that the decline may just be beginning. On the daily chart, observe whether the last lines of defense can hold or if there are quick dips. If they are broken directly, our short positions will profit nicely. So, patience and waiting are key for now. If you don’t understand the market or are unsure about the direction, welcome to join the chief. Click to join the chief’s community (Follow the chief for daily market analysis and precise entry points. Long and short ideas are for reference only, with strict stop-loss and take-profit. Exclusive 20% discount on trading fees with code KEZHANG888).