Friday, 2.27 Morning Bitcoin Market Analysis

From the four-hour chart, after Bitcoin surged to 70,000 and then pulled back, it has undergone two days of oscillation and correction. The downward momentum has significantly slowed, and the decline is losing steam.

Although the current rebound is not vigorous, the downward trend has essentially run its course. Support levels below are clear and obvious, ready to break through for an upward attack at any time!

Shi Pan suggests that at lower levels, you can directly position long positions, expecting a rebound and upward movement within the day.

Mu Feng recommends:

Bitcoin: Gradually buy around 66,000 and 65,200

First target: 70,000, Second target: 72,300