As of February 1, 2025, Bitcoin (BTC) and Ethereum (ETH)
Bitcoin (BTC) analysis:
The current price of Bitcoin is about $104,689, down 0.38% from the previous trading day. The intraday high was $105,939 and the low was $103,907, showing the volatility of the market. Recently, the price of Bitcoin has fluctuated between $28,000 and $30,000, failing to break through the key pressure level of $30,000, and market sentiment has fallen. Technically, Bitcoin has approached $30,000 many times, but failed to break through successfully, and the support level is mainly concentrated around $28,000. If the price falls below this support, it may trigger a pullback, or even drop to the support range of $27,000. Expectations of global economic recovery and Bitcoin's role as "digital gold" may provide support for it, but changes in regulatory policies remain an uncertain factor in the market.
Ethereum (ETH) Analysis:
The current price of Ethereum is about $3,384.53, up 3.72% from the previous trading day. The intraday high price is $3,427.71 and the low price is $3,215.60, showing the market's activity. Recently, the price of Ethereum has broken through $1,900 and is close to the psychological mark of $2,000, showing a strong upward momentum. From a technical point of view, breaking through $2,000 is of great significance. If it successfully stands at this position, it may further push the price to challenge $2,200 or even $2,400. The successful upgrade of Ethereum 2.0 has improved the efficiency of network transactions and enhanced its competitiveness in the field of smart contracts and decentralized applications (dApps). However, the network's "gas fee" problem and regulatory risks still need attention.
Market risks and investment strategies:
Both Bitcoin and Ethereum face risks such as market volatility and changes in regulatory policies. Investors should adopt prudent investment strategies, avoid excessive concentration of assets, set up risk control measures such as stop-profit and stop-loss, pay close attention to changes in the global economic and policy environment, and adjust investment portfolios in a timely manner to cope with market fluctuations.
Conclusion:
Overall, the market performance of Bitcoin and Ethereum in early 2025 is somewhat differentiated. Bitcoin has shown strong support in the shock consolidation, but it still faces multiple risk challenges;