Friday, February 2nd - Dragon Raises Its Head, Rally onto Short

Dragon horns reflect the stars, earthly signs of spring arrive, February 2nd, Dragon Raises Its Head, tailoring a spring breeze as prologue, awaiting all things to take pen. Back to market action - last night Big Pie was still around 68750, this morning it's already back above 70000. Ups and downs are the norm, don't be alarmed, continue shorting rallies.

This rebound has confirmed 76000 as the phase top. Under the impact of the Fed's no rate cut, shorts dumped volume and corrected, temporarily halting into a consolidation zone. The upcoming action will be extremely tough to endure. Capital outflows have reduced market liquidity, so we must proceed methodically.

Bitcoin: Short at 70700-70400 range in early session, target 68500

Ethereum: Simultaneously short at 2150-2175 range, target 2050

No need to elaborate on what day this is, treat Friday nodes cautiously, looking to recover and cash out - it's your choice how to play it. Wishing everyone smooth sailing and brilliant trading! #Gate13周年全球庆典