2.22 Midday Market Analysis

The overall trend remains bearish. As Uncle Sam is once again implementing measures, with a global 10% tariff increase, this is undoubtedly a heavy blow to ETH, which was already struggling to stay above 2000. Additionally, with the month coming to an end and the monthly candle about to close, the general direction is now clear, and the chances of a rally are very low. Bitcoin's closing price did not stay above the 68523 resistance level, which appears to be a false breakout. After reaching a new high, it did not continue upward but instead formed a bearish engulfing pattern. The subsequent second attempt to break higher also failed to surpass the previous high. Internally, it is likely to test the support at 67449. If it does not fall below 67000, it will trade within a range of 67000-68500 with sideways consolidation. Once it breaks below 67000, lower lows may form, and it could retest the support at 66000.
BTC Trading Suggestion: Short near 68500, take profit at 67500-66000, stop loss at 69500
ETH Trading Suggestion: Short near 1990, take profit at 1960-1920, stop loss at 2050