2026-02-03 04:17:21

Yesterday morning, the market dipped to around 74,500 and found support, then entered a slow upward consolidation. In the evening, after the US stock market opened, it surged to around 79,300 but failed to break through and then retreated for a correction. The overall market continues to show a weak consolidation pattern!

From the current market situation, after a sharp decline earlier, the market has not experienced a strong rebound, but is only in a weak correction phase with sideways trading at low levels. The buying momentum remains weak. Technically, the bearish trend is clear, with prices consistently under pressure below key moving averages. The bearish dominance remains unchanged.

Trading Recommendations:
For Bitcoin, short near 79,100-79,900 on rebounds, target 77,500-74,500.
For Ethereum, short near 2,360-2,410 on rebounds, target 2,250-2,150.

BTC-2.99%

ETH-2.96%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.