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💙Briefing on February 11th
Panic and Greed Index: The index rose to 47 today (43 yesterday), shifting from panic to neutral.
Tesla BTC Holdings: Officially disclosed for the first time, holding a total of 11509 BTC, consistent with Arkham's disclosure.
Probability of Approval for Cryptocurrency ETF:
LTC: 90%
DOGE: 75%
SOL: 70%
XRP: 65%
Technical Analysis:
Bitcoin: Rebounded to around 98200 on the 4-hour timeframe, with a slight retracement due to the resistance of the 60-day moving average and the middle Bollinger band. Pay attention to the golden cross pattern or a breakthrough with increased volume. On the daily timeframe, a pullback to the 90-day moving average will form a double bottom pattern if successful, but it will take time.
Trading Range: Support near 96900, 95900, 95400.
Ethereum:
Resistance levels: around 2720, 2770.
The four-hour chart is attempting to turn around, and the golden cross formation will drive the market to strengthen. The pullback is an opportunity to buy, patiently waiting for the rebound.