Influenced by gold and the international situation, the cryptocurrency market is experiencing a waterfall decline, with the speed being too fast and the drop too sharp, leading to various liquidations and margin calls. Bitcoin dropped from 84,279 points to 75,743 points within a day, a decline of 6.49%, while Ethereum fell from 2,714 points to 2,250 points, a decrease of 9.43%. The overall trend remains bearish, but this indicates an oversold rebound. The weekly and monthly charts are simultaneously correcting, and Bitcoin and Ethereum's second wave retracement is basically complete, possibly signaling the start of a third wave in February. Next, Bitcoin will test 74,511-71,288--69,000, with resistance levels at 80,728-82,587-83,766-86,068. Ethereum will test 2,320-2,250-2,238-2,112, with resistance levels at 2,485-2,513-2,528-2,550-2,603-2,680. These are just personal opinions and not investment advice. If you dislike, please refrain from criticizing!$BTC $ETH

BTC-5,67%
ETH-9,65%
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