From the LBank blog.
The $BTC daily chart has not fluctuated significantly and is currently near the support level of $23,000. The EMA moving average is downward pressure, and the MACD volume is shrinking and downward.
The DIF and DEA are forming a divergence at a high level, and the KDJ is blocked from expanding downwards. The chart has returned to the midline of the Bollinger Bands, and it remains to be seen whether there will be an opportunity to break through the highest point of the year.
On the 4-hour chart, there is a significant increase in volume and the golden cross is forming, the overall trend is uncertain.
Regarding $ETH, the fluctuation range is between $1,600–$1,630 and the EMA shows an overall convergence trend.
The MACD is in an upward range, while the KDJ is under pressure, and the Bollinger Band is narrowing, suggesting that there may be another stage of high and then a pullback.
The daily chart is currently approaching the integer support level of $1,600 and the EMA30 is expected to have a small range of stretching. The MACD volume is shrinking downward, with the MACD volume increasing and the KDJ under pressure.
In the short term, it is worth paying attention to the $1,650–$1,670 resistance level.
Overall, both Bitcoin and Ethereum are experiencing uncertain trends, with some signs of upward movement but also facing significant resistance. Traders should pay attention to the support and resistance levels mentioned above and be cautious in making trading decisions.
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This article came directly from the LBank blog, found on https://lbank-exchange.medium.com/february-28th-market-analysis-from-lbank-derivatives-408ee66157ad?source=rss-87c24ae35186——2