20260203 Market Analysis

Waterfall washout, how are you all doing????

$BTC has experienced a waterfall washout starting from January 29th. Bitcoin dropped 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. When I left at 2 PM yesterday, there was a rebound. Most people thought the US stocks would continue to pull back in the evening, but US stocks did not decline overnight; they opened low and moved higher, so the crypto market also saw a rally. Bitcoin failed to break above 794 in the spot price and stay above 792. It might need to dip a bit further before pushing higher. The 4, 8, and 12-hour timeframes have already formed bottoming patterns, indicating a potential upward move. You can try placing buy orders between 772-776, aiming for a target of 82. After such a deep decline, a correction is needed to restore confidence in this market.

$ETH Ethereum dropped from 2943 to a low of 2156, a decline of over 25%. It hit a precise breakout, and insider哥 liquidated his longs 6 times overnight. Boss Yi’s spot holdings are leveraged, fearing liquidation, with a stop loss of 554 million and currently floating losses of over 400 million. As the year-end approaches, it’s truly a life-threatening situation!!! This year has been really tough!!! Yesterday also saw a decent rebound, from 2156 to 2395, a rise of over 200 points. However, the spot price failed to stay above 2370 and may need to test further downward. You can try to buy between 2240-2284, aiming for 2450-2475. The 4, 8, and 12-hour timeframes have already formed bottoming patterns, and the trend lines are also set to move upward.