Pie market observation on February 19, 2024 #BTC‬

Today, the market continued to fluctuate between 52532.9 and 51688.8, with intraday fluctuations again narrowing to 1.62%.

From a technical perspective, the two structures of 51880-52233 small level and 51940-52098 medium level continue to be difficult to effectively solidify. In addition, there are signs of weakening in technical indicators, indicating that the recent trend faces more undetermined factors.

Judging from the current data, the price cannot break through and maintain the previous day's high, indicating that the competition situation is still fierce. It is also necessary to further observe whether the two major support pressures of 51940 and 52098 can be eliminated.

In the medium to long term, the overall bullish pattern may be continued. However, due to the lack of structural support, there may be room for correction and repair in the short term. Those who buy at low prices can sell at high prices, wait and see, and try to open short positions with small positions.

We will continue to follow up on changes in key technical signals and provide everyone with a reference for decision-making. Please pay attention to your own risk management. At the same time, we remind you that the market is highly volatile and you must operate with caution.