February 16 Midday Market Analysis

Bitcoin: $BTC
The current trend has weakened. The key is whether 68400 can hold. If it can't, the price will drop directly to 67262-66585, invalidating the previous upward rally.
Short-term resistance is at 69145. Only if it can break above and stabilize there will there be a chance for a rebound; if it can't, don't expect a rally—avoiding a sharp decline is already fortunate.
The weekend's pump was purely a trap to lure in more longs; without news, the hard push was just a way to harvest upper-level chips. It's now clearly weakening.
Levels:
Break above 69098 with volume to chase longs and buy the rebound;
Break below 68328 with volume and fail to recover, then short;
If the hourly chart stabilizes at 69139, target 70316-71145; if it can't go higher, ignore.
Resistance: 69139-70316-71145
Support: 68324-67213-66010
Four-hour drop below 68280, heading straight to 67177-66073.

Ethereum: $ETH
The bears are currently in control. Trading depends entirely on key levels:
Entry points:
Break above 1970 to chase longs; if it can't hold, then exit;
Break below 1943 to short; strictly set stop-loss;
Rebound from 1897 with stability can add longs; if it breaks below 1849, stop-loss;
If it reaches 2016, go short; if it breaks 2054, stop-loss;
Pending orders:
Buy at 1815, stop-loss at 1768 if broken.
The hourly chart stabilizes at 1979, targeting 2016-2054.
Resistance: 1979-2016-2054
Support: 1942-1900-1870
Four-hour drop below 1940, watch 1894-1847.
Previously, attempts to push back above 2000 failed, and 2000 has now become a strong resistance. If it can't recover, likely test 1915; if broken, look further down.
Currently, Bitcoin and Ethereum are not friendly to bulls. Be cautious with short-term trading.