Analysis of the Bitcoin Market Trend on the Evening of February 5, 2025

In yesterday's analysis, we emphasized the important support significance of the 9.8-10 boundary zone.

After a day's fluctuation today, the BTC market focus has clearly shifted downwards, and the boundary zone has not provided effective support. Currently, the 9.8-10 area is in a [failed state], offering neither support significance nor pressure significance. Apart from the upper red area and the lower green area, there are no effective support or pressure zones in the market.

Therefore, the upcoming fluctuations in BTC market carry significant risks, as there is no support or pressure reference in the large range of 9.2-10.6 (blue area). The market fluctuations are falling into an emotional, disorderly, and trendless state, where any direction could be valid, presenting a substantial risk of being caught in both long and short positions.

Rationally, there is no operational idea or direction in the short term. It is advisable to avoid this period of market fluctuation and wait for the price to approach the significant support and pressure zones before making any plans.

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