Market Analysis on February 22nd

Market analysis on February 22nd

BTC

Season: Looking at the short-term monthly chart through seasons, it has reached the vicinity of the top, and the subsequent risks are getting higher and higher. TD is also approaching 9. The subsequent short-term decline is expected to be around 74000, with strong support at 70000, and super strong support at 15300.

Month: Looking at the monthly chart, divergence has already appeared, and the top distribution pattern has taken shape. Short-term support is at 90000, strong support at 72000, and super strong support at 49000

Weekly: The weekly trend has diverged significantly, and the uptrend has ended. The first support is at 88600, the second support at 72500, and the third support at 58700.

Day: Going up is an opportunity to deviate from shorting, with support at 89300 below and the second support at 73400

4 hours: upper resistance at 98000, second resistance at 99500

ETH

Season: The top distribution pattern has been formed. It remains to be seen whether the next season from April to July can break through 4100. If it fails to break through, the upward trend will end.

Month: Support below 2150, pressure above 4160

Week: Support 2110 below, pressure 4000 above

Day: Resistance above 3960, support below 2120

4 hours: Upper resistance 3100, second resistance 3440