Weekly view from February 11 - February 22
Because the waves stopped crashing last weekend and the rebound was quite fast, today I can present the next view for you
BTC: As of today, the market has nearly completed the 25% recovery phase from the bottom and will adjust in the coming days before accumulating recovery power again.
- The current area you can observe and trade the rebound wave is around 62k5-64k
- This area must be held; if it dumps further, we will probe the bottom again at the beginning of 5.
- But currently, I think there is a high possibility it will rebound to the area of 82-84k before considering continuing to probe the bottom.
ETH: The queen of crypto is similar to BTC.
- It will adjust according to the short-term decrease of BTC.
- Please observe the area of 1850-1k9 to trade for the next rebound.
At this stage, the market has officially entered the downtrend; it will take quite a bit of time to return to an uptrend.
$BTC $ETH $RPL #MarketRebound #ETHTrendAnalysis #HarvardAddsETHExposure #BTCFellBelow$69,000Again #OpenClawFounderJoinsOpenAI