After these several plunges, the popularity of the cryptocurrency market is far less than that in early November. Many people have been washed out of the table, the liquidity in the market has become worse and worse, and there are fewer and fewer high-risk players. Many of the remaining people are full of doubts. Many of the copycats have fallen to the level before this round of rise. However, from the perspective of institutions and news, it seems that it is not a pessimistic situation. Sometimes when the market is wailing everywhere, a new market is coming. Therefore, only by grasping some of the rules of this bull market can we survive the cleansing again and again and reach a higher position. This article is only for personal review and does not constitute any investment advice.

Let me talk about the conclusion first, followed by news and technical analysis:

Regarding BTC: It is predicted to adjust between 94,000 and 99,000. The support near 96,000 is still relatively sufficient, but we must be careful not to fall below 93,000 and become a substantial decline, otherwise it may bottom out again.

BNB: It is expected to consolidate between 560-620, waiting for the airdrop. If the airdrop comes, you can buy some BTC.

For ETH: It is expected to fluctuate around 2400-2800. Currently, the 4-hour line is still consolidating and re-selecting the direction.

Goubi, Sol, Ruibo and Chuanbi are all falling, but there is no oversold situation, which means that adding to the position is much more stable.

The Alt Season Index shows that in the past 90 days, about 29 projects among the top 100 cryptocurrencies by market value have seen their growth rates surpass BTC, which is 3 less than yesterday. The probability of an Alt Season has decreased again.

In terms of news, Grayscale predicts that despite lower-than-expected U.S. job growth in January (143,000 new jobs), Grayscale research director Zach Pandl expects Bitcoin to hit a record high in the first quarter of 2025. Lower-than-expected employment data may strengthen market expectations that the Federal Reserve will suspend interest rate hikes, while policy benefits such as progress in stablecoin legislation have driven digital assets higher. On February 7, Bitcoin soared to $100,000 when Wall Street opened. BlackRock's position disclosure: BlackRock disclosed in a 13G filing that its stake in Strategy has reached 5%, up 0.91% from September 30, 2024. Strategy's perpetual preferred stock rose 2% on its first day of trading on Nasdaq, with a trading volume of more than 650,000 shares.

Next is the technical analysis:

1. Judging from the K-line of BTC, continuing yesterday's trend, the 4-hour line briefly turned from an isosceles triangle to an upper hypotenuse direct triangle. It may pull back a little in the 4-hour dimension. The daily line is still in a box shape, waiting for a new direction of long and short positions to emerge.

2. Greed Fear Index Observation: Currently 44, which is in the neutral range, the same as yesterday.

3. The funding rate of BTC perpetual contract is 0.0052%, and that of ETH is 0.0080%. The long position is better than yesterday, and ETH is better than BTC.

4. The biggest pain point of options will be observed in the next three months. It will be between 96,000 and 98,000 within three days, which will have little impact for the time being. At the end of March, there will be a biggest pain point of 10.1 billion in nominal amount at 85,000, which needs attention.

5. Observation of spot ETFS: BTC inflow was 1774 yesterday, and ETH inflow was 0. No short-term trend can be seen for the time being, and even institutions are divided.

6. From the RSI relative strength index, BTC is in neutral for 24 hours, while ETH, CNY, CNY, Sol and Ripple fall to weak levels for 24 hours. Most of the other mainstream and altcoins fall to oversold and weak levels, and the market selling pressure is low.

7. Judging from the top escape index, it is currently in the lower middle and the position is moderate.

8. The BTC hoarding index is 1.20, which is basically suitable for fixed investment and hoarding.

If the bull market is still there, then the current wash-out is a necessary process. Only when the main force pulls up the market can it be profitable. Maintain a certain position to avoid missing out and avoid losses to the entire position. #比特币后市 $BTC $ETH $SOL