#BTC Pie market observation on February 21, 2024

Today, the market fluctuated in the range of 50528.4-52402.3. It has fluctuated for 7 consecutive days. The trading volume shrank compared with the previous day, with a daily amplitude of 3.5%.

From a technical point of view, the two major structures of 51880-52233 small level and 51940-52098 mid-level have been penetrated, and the recent market conditions are not good.

The future trend faces the following two possibilities:

First, it is difficult for the mid-level 51940-52098 to rebound to form a mid-term resistance point, and the market may enter a period of adjustment.

Second, the price strongly broke through the resistance of 52098, reshaping this level as new support, or laying the foundation for a rise in the market outlook.

At present, the 51940-52098 range has become an important key to determining the short-term trend and the market outlook.

If it remains volatile at this level, the market's desire to choose will be difficult to understand. If either party wins, the trend will become clearer.

Investors need to pay close attention to whether 51940 has the support ability to judge the closing or opening opportunities.

The structural aspect determines the trend and will guide the future value trend.