2026-02-28 07:45:32

Saturday Night Bitcoin and Altcoin Strategy

Midweek, Bitcoin and Ethereum surged to 70,000 and 2,150 respectively, then sharply pulled back, with the lowest touching 63,000 and 1,840. Currently, they are still trading within the previous wide-range consolidation zone, without breaking the key lower boundary. The weekend will mainly focus on sideways consolidation.

Bitcoin's monthly chart has been closing lower for several consecutive months, but this month shows potential for a long lower shadow, indicating a mid-term stabilization signal. The daily and four-hour charts remain weak with a pullback. The RSI is oversold and needs a rebound, but resistance from moving averages above is clear. As long as support at 62,500 holds, the consolidation pattern remains unchanged; a break below would turn the trend bearish.

Evening Trading Strategy

Bitcoin ranges between 64,500-64,800, targeting 63,000 and 62,500.
Altcoin ranges between 1,890-1,920, targeting 1,840 and 1,820.

BTC-2.08%

ETH-2.97%

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