Waterfall face wash, are you guys okay?????

Market Analysis as of 20260203

$BTC experienced a waterfall correction starting from January 29, with Bitcoin dropping from 88 to a low of 74, a nearly 15% decline, marking a significant market move. Some are happy, others are worried; many are considering delivering takeout. The rebound occurred around 2 PM yesterday, and most expected a continued correction in the US stock market in the evening. However, US stocks did not decline; they opened low and moved higher, leading to a rally in the crypto market as well. Bitcoin failed to break above 794 in the spot price and stay above 792, so it may need to dip further before pushing higher. The 4, 8, and 12-hour timeframes have already formed bottoming patterns, indicating a potential upward move. You might consider placing buy orders between 772-776, aiming for a target of 82. After such a deep decline, a rebound is necessary to restore confidence in the market.

$ETH Ethereum dropped from 2943 to a low of 2156, a decline of over 25%. Insider哥 accurately predicted the breakdown, liquidating Brother Ma’s long positions six times overnight. Boss Yi’s spot holdings leveraged to avoid liquidation, resulting in a stop-loss of 554 million, with an unrealized loss of over 400 million. As the year-end approaches, it’s truly stressful! This year has been really tough! Yesterday also saw a decent rebound, rising from 2156 to 2395, over 200 points gain. However, the spot price failed to stay above 2370 and may need to test lower levels. You could try to go long between 2240-2284, with targets at 2450-2475. The 4, 8, and 12-hour timeframes have already formed bottoming patterns, and the trend lines are also ready to move upward.