February has already come to an end, and March has begun. The last week of February was not particularly calm. Here's a brief review of this week's market trend: Bitcoin opened the week with a bearish volume test at the bottom structure, which failed. There was a slight rebound with some strength, but after failing to break through the key resistance level above midweek, it fell back under pressure. On Friday, it retested the bottom of the range and held support without retesting again. Over the weekend, stimulated by war news, the market once plunged nearly 3000 points before stabilizing. Overall, it then entered a correction phase over the weekend. Currently, the price ratio remains relatively safe. Ethereum's trend has been similar to Bitcoin's and doesn't need much elaboration.



In terms of actual trading this week, although trading started early, due to sharing strategies later, I won't detail the previous trades. But with only four days of positioning, our profits are quite substantial. Bitcoin's weekly position was 5 long and 2 short, with one stop-loss, totaling a profit of 8600 points. The "mistress" position was aligned with Bitcoin, with one stop-loss, earning a total of 360 points. The market is in a consolidation phase. The impact of war over the weekend caused some losses, but our usual performance has been very impressive—almost a victory streak this week. Let's keep up the good work next week.

Looking at the current chart, the monthly structure shows a five consecutive downward candles, with February's candle featuring a long lower shadow. Based on previous bear market cases, if no further negative news or data to stimulate the market, the trend is expected to enter a correction cycle. As the saying goes, a bear market can't keep falling forever; there will be adjustments after sharp declines, especially over longer cycles. For the upcoming week, if the market undergoes a deeper correction, consider positioning for medium- to long-term bullish trades.

From the daily chart perspective, the market has repeatedly tested support without success. The support structure at the bottom is strong, showing signs of bottoming out in the short term. The lows are gradually rising, and the current pattern resembles a rebound after a false breakout followed by a sharp decline. It is now in a bottoming and rebound phase. Whether it will recover the major trend or continue deep correction depends on further movements. Only after a breakout and subsequent adjustment can a new wave of sharp decline be confirmed. Currently, a divergence at the bottom indicates a potential rebound opportunity, so a cautious approach would be to buy on dips.

For Bitcoin medium- to long-term correction, consider adding a core long position around 65,000, aiming for above 70,000. Short-term, look for long entries around 66,000-66,500, targeting about 68,200. For the "mistress" position, buy around 1,950-1,980, with a target near 2,050. $BTC $ETH
BTC-2,34%
ETH-2,55%
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