February 28th Auntie Status Analysis

Today, Auntie weakened significantly, with the main trigger being Israel's raid on Iran and escalating Middle East conflicts. Auntie is a high-risk asset; whenever war fears arise, funds tend to withdraw to safe havens like gold and the US dollar, causing Auntie to plummet rapidly, breaking through the 2000 and 1900 levels, with a low of $1845, indicating strong short-term selling pressure.

Technically, the market is dominated by bears with weak oscillations. The daily chart shows consecutive declines, with prices breaking below multiple short-term moving averages. Previous support levels have now turned into resistance, and rebound efforts are weak—any upward move is quickly sold off—indicating a downtrend correction rather than a reversal.

Strong support levels are at 1840-1860. If this area cannot hold, further declines are likely. Resistance levels are first at 1930-1950, then at the 2000 mark.

Trading suggestions: Given the uncertain geopolitical situation and high weekend volatility, cautious traders should wait and observe until the situation clarifies before taking action. Aggressive traders should focus on short-term trades, mainly shorting near the 1930-1950 rebound zone, with targets at 1820, 1800, and 1760. Avoid bottom fishing lightly; strict stop-losses are essential to prevent sudden news from triggering a sharp decline.

Overall, the news sentiment is clearly bearish, and technical indicators show weakness. In the short term, expect sideways to downward movement, with key focus on whether the conflict escalates and whether the 1850 support can hold.