Market Analysis for February 2nd, Hello everyone, I am Maple. Following the good decline in the market last weekend, the current market has reached this position. Whether from BTC or ETH, there are still no objective signs of a bottom. Subjectively, I believe there is a possibility of a bottom at this level, which is worth gradually building long positions and deploying spot holdings. ETH has already touched the lower band of the weekly Bollinger Bands on a large scale, and this is also a major support zone on the weekly chart, making it reasonable to build spot positions and long positions. The same applies to BTC. Be prepared for a long-term decline in BTC to around 55,000 if it cannot hold above 72,000; the limit could be around 55,000. Ethereum might drop to the range of 1700 to 1900.

Operational recommendations mainly suggest observing. If the recent market does not reach high levels, do not chase short positions on ETH or BTC. If deploying, it is recommended to go long for the long term, mainly with spot holdings, and control your positions.