February 2nd Bitcoin Market Analysis: Be aware of the risk of chasing shorts. Exercise caution when shorting. At the same time, pay attention to the bullish rebound trend. The market encountered a major support at the 20-level during the decline and was supported twice, then underwent a 15-level adjustment. Therefore, the low position of the market is not an effective accumulation and adjustment phase. The key risk to watch is the possibility of chasing shorts #比特币
(1) Currently, the market is at position 1. At this point, it is in a 30-minute divergence rebound and has encountered 30-minute resistance. If the market effectively breaks through 78448, the market will be re-affirmed at position 2, which is the overhead resistance at the hourly level (79742). The market is in a high-level accumulation phase, preparing for a breakout above 79742. Be cautious of a rebound in the low position, which could lead to a unilateral upward move. Remember, during a unilateral rebound, go long at the high point, aiming for a recovery move between 81800-84300, reaching position 3.
2) If the market encounters hourly resistance at the lower right and fails to break through again, the focus will shift to the subsequent trend change after a period of consolidation within zone 1. Within this zone, observe more and operate less. It is better to miss opportunities than to make mistakes.
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February 2nd Bitcoin Market Analysis: Be aware of the risk of chasing shorts. Exercise caution when shorting. At the same time, pay attention to the bullish rebound trend. The market encountered a major support at the 20-level during the decline and was supported twice, then underwent a 15-level adjustment. Therefore, the low position of the market is not an effective accumulation and adjustment phase. The key risk to watch is the possibility of chasing shorts #比特币
(1) Currently, the market is at position 1. At this point, it is in a 30-minute divergence rebound and has encountered 30-minute resistance. If the market effectively breaks through 78448, the market will be re-affirmed at position 2, which is the overhead resistance at the hourly level (79742). The market is in a high-level accumulation phase, preparing for a breakout above 79742. Be cautious of a rebound in the low position, which could lead to a unilateral upward move. Remember, during a unilateral rebound, go long at the high point, aiming for a recovery move between 81800-84300, reaching position 3.
2) If the market encounters hourly resistance at the lower right and fails to break through again, the focus will shift to the subsequent trend change after a period of consolidation within zone 1. Within this zone, observe more and operate less. It is better to miss opportunities than to make mistakes.