February 13 BTC/ETH Market Strategy

Moving to a new place, the environment has become more relaxed, and there's less need to consider avoiding too many keywords. More information can be disclosed, and I will explain the strategy in detail. The thinking will be clearer. Buckle up and stay steady.

Bitcoin: The downward channel is very clear and definite. It's the same principle as the correction after the breakdown of the February 5 decline channel. Currently, we're waiting for this channel to show signs of change. Since the rebound and top-out at 71,890 on February 9, it has not been able to escape the upper boundary's pressure. The primary goal of the correction is to arbitrage this range. From the chart, the upward target is around 68,000-69,000. If it can break above this, then handle the 69,000-71,400 range resistance. The ultimate goal is to open up higher space above 71,400-78,500. The idea for trading is to bet on the downward channel remaining effective. If you want to participate, go to the upper boundary of the channel as shown in my chart. If it breaks through, stop the short. Watch for support at the lower boundary. For accelerated trading, you can also refer to the positions on the chart.
$BTC $ETH
Ethereum: The downward channel is also very obvious, but ETH has been operating around the upper half of the main channel's midline. This is a good sign. Earlier attempts to break through the upper boundary resistance have been made. If a breakout occurs, I expect ETH to actively push to challenge the 2000-point mark, with strong resistance at 2075-2139. The trading logic is similar: bet on the channel resistance being effective. Go short at the upper boundary of the channel; if it breaks through, stop the short. The nearby key level to watch is 1965. Subjectively, I hope to see a double bottom correction on a larger scale, as this would restore sentiment. Once the correction occurs, participation in the crypto market will only improve.