Pie market observation on February 18, 2024 #BTC!

Today, the market once again fluctuated around the range of 51,880-52,233 US dollars, with a maximum of 52,450 US dollars and a minimum of 51,178 US dollars. The daily amplitude narrowed to 2.4%.

From a technical perspective, neither the small-level structure 51,880-52,233 US dollars range nor the mid-level structure 51,940-52,098 US dollars range has effectively stabilized, showing that short-term trends are complicated and difficult to determine. It is even more necessary to timely and accurately grasp market changes through intraday bands.

This process reflects the intensity of the capital game and the hesitation of prices in determining the direction of the trend.

We maintain yesterday’s trend judgment, which is: to stabilize at the mid-level of $52,098 and then challenge 52,859; or to form a mid-level selling point near $51,940 for correction. In the future, the competition for buying and selling points in the range of $51,940-52,098 will become the key.

In the medium to long term, the overall market may show an upward trend, but short-term fluctuations are likely to continue.

Investors need to pay attention to multiple signals, stay patient and wait and see, and make appropriate adjustments at any time based on their own risk costs.