2026-02-28 03:53:58

2.28 Saturday Bitcoin Analysis

The current market is generally in a weak oscillation phase, with bulls exhausted and taking a rest. Short-term bullish momentum continues to weaken, price rebounds are weak, and trading volume is insufficient. Coupled with the weekend's light trading activity and shrinking volatility, the market is likely to remain in narrow-range fluctuations, making aggressive chasing unadvisable. It is better to rest, observe, and control positions.

From a structural and rhythmic perspective, the current trend remains bearish. Rebounds do not change the short-term downward pattern. The core strategy remains to short on rebounds and avoid counter-trend bottom fishing.

• Key resistance above: around 66,500, which is where the short-term moving averages and previous high-volume trading zones meet. Rebounds to this level are likely to encounter resistance and pull back.

• Key support below: around 65,000, serving as the current defensive level. Falling below this level with stabilization could open further downside space.

BTC-5.52%

ETH-7.81%

SOL-9.2%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes