February 1st Midday Perspective
1. Big Cake, expected range 101800-103000, expected trend is fluctuating with a bullish bias;
2. Small Cake, expected range 3260-3350, expected trend is fluctuating upwards;
Today is Saturday, no important data/events are scheduled for release. Last night's sudden drop in Big Cake and Small Cake was due to a news briefing from the White House announcing tariffs on Mexico and Canada, leading to a decline in U.S. stocks. The external cause was the drop in U.S. stocks triggering selling sentiment, and the internal cause was profit-taking from accumulated gains. The core issue is that the external factor interrupted the sideways movement of Big Cake and the upward trend of Small Cake.
Today is Saturday, with no U.S. stocks in the night session (no external factors), so it is expected that Big Cake and Small Cake will trend towards a corrective rebound.
You can consider making long positions.
Follow me for daily trading insights.
The above is a personal opinion and does not constitute investment advice $BTC $ETH