Monday🗓️ "February 2nd"

The current core issue is no longer "whether to bottom out," but "how to survive in extreme market conditions."

At the end of the first month of 2026, the cryptocurrency market experienced a "bad start," with Bitcoin and Ethereum plunging simultaneously, triggering over 420,000 liquidations across the network, and market panic rapidly intensifying...

Hawkish expectations from the Federal Reserve, continuous withdrawal of institutional funds, and successive breaches of key psychological support levels, combined with multiple negative factors resonating, have worsened an already fragile market. Bitcoin once sharply dropped below $76,000; Ethereum experienced an unanchored plunge, approaching the $2,300 level. In the short term, the market may see a technical rebound, but the strength is expected to be limited...

Technical key points:
Bitcoin (BTC)
The daily candlestick shows a clear "headless guillotine" pattern, with strong bearish momentum; Bollinger Bands have broken below the lower band and are expanding downward, increasing volatility, with limited rebound space, and the bearish trend remains unchanged; price is under short-term moving averages, with significant resistance to short-term rebounds, clear bearish signals, and key resistance zones at 79,000-81,900-84,190.
$BTC
Bitcoin BTC 77,500-77,900 short, target 76,500-75,700. After breaking below, watch for 75,000-74,000
Ethereum (ETH)
The trend is highly synchronized with Bitcoin, with even stronger bearish momentum; hourly candlesticks show a "no support" decline, with very weak rebounds; Bollinger Bands are opening downward, indicating a clear bearish trend, with difficulty in short-term reversal; short-term moving averages are turning downward, prices remain under pressure, with a bearish moving average arrangement, continuing the bearish trend. Key resistance zones are at 2,350-2,400-2,550.
$ETH
Ethereum ETH 2,350-2,400 short, target 2,280-2,250. After breaking below, watch for 2,220-2,180
The current market is in an extreme panic stage, with volatility significantly increased, in the early stages of a breakdown and decline. It is expected to mainly consolidate through oscillation, entering a short-term emotional recovery phase after a sharp drop. Investors are advised to adopt a defensive strategy, strictly control positions, patiently wait for market stabilization signals, and avoid contrarian operations before market sentiment returns to rationality. Preserving strength is the best approach at present.

For specific real-time quotes and precise levels, please refer to Ziqing's live trading tips...
#加密市场回调