2026-02-23 00:59:34

Morning Analysis

The 4-hour and daily charts show multiple rebounds followed by pullbacks, with long upper shadows forming repeatedly, indicating heavy selling pressure above. The bearish force has already taken control of the market. The daily chart has closed in red for several days, with prices remaining under key moving averages, confirming that the short-term rebound momentum has exhausted and the trend has officially turned weak. Technically, the 4-hour MACD has formed a death cross, with the DIF line crossing below the DEA line. The bearish histogram continues to expand, and downward momentum is gradually strengthening; combined with decreasing volume during the rebound, the rebound lacks volume while the decline is strong, further establishing a short-term weak pattern.
Trading Suggestions
Short positions around 67,500-68,000 for Bitcoin, targeting 65,500-66,000
Short positions around 1,970-2,000 for Ethereum, targeting 1,820-1,850$BTC $ETH #Gate广场发帖领五万美金红包

BTC-2,8%

ETH-3,17%

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