Analysis of the trend of Bitcoin and ETH in the morning of February 1, 2025

When we analyzed BTC two days ago, we emphasized: Beware of the pressure near 106,000, and be careful of the rapid correction of the market! Now, it has come true. The pressure of 106,000 should not be underestimated. It has fallen back under pressure twice in a row, especially last night, the retracement was rapid and deep. For long players, it was another "sleepless night".

Same as the previous analysis, I think the current BTC is still oscillating in a high-level box, large box: 90,000-108,000.

Small box: 98,000-106,000. There is no unilateral trend, only disordered oscillation. For the oscillating market, you can't just look at the longs or shorts. Go short near the pressure, go long near the support, buy low and sell high, and combine short-term long and short positions. This is the correct idea.

What should I do on the following Saturday and Sunday?

The current market is in a suspended zone, neither going up nor down, so the strategy is:

1. Fall back to the 98,000-100,000 range, and distribute long orders;

2. Rise to the 106,000-107,000 range, and distribute short orders. (No operation in the middle zone)

ETH's surge last night drove BTC, but BTC's flash crash at the 106,000 pressure level affected ETH's continued strength. It is still obvious that ETH does not have its own independent market, BTC cannot be strong, and ETH still depends on its face.

Faith is power, but reality is the job.

ETH still has not gotten rid of the shackles of low-level disordered fluctuations, and the new trend has not emerged. 3000 support, 4100 pressure. #BTC #ETH #加密市场反弹