Minerva94

"Buy low, sell high."
"Don’t put all your eggs in one basket."
"The cryptocurrency market is a mechanism for transferring funds from the impetuous to the patient."
"Time in the market beats timing the market."
"Be fearful when others are greedy, and greedy when others are fearful."
"The trend is your friend."
"Price is what you pay; value is what you get."
"The market can stay irrational longer than you can stay solvent."
"It’s not timing the market, but time in the market that matters."
"Invest in what you know."

Latest Cryptocurrency News on February 4, 2025:

- Bitcoin returns to above $100,000: According to CoinGlass market data, the price of Bitcoin returned to around $100,000 per coin at around 2 a.m. on February 4, with a peak of $102,000 per coin. As of press time, it was $101,314.4 per coin. pcs, up more than 4%.

- Ethereum rebounded sharply: Ethereum rebounded significantly during the day, surging 7.55% at one point, breaking through the $2,900 mark and climbing to a high of $2,919.34 per coin.

- Many mainstream virtual currencies rose: SOL coin, Ripple coin, Dogecoin, Binance coin, Cardano coin, and SUI coin all rose, with Dogecoin, Ripple coin, and SUI coin rising by more than 10%.

- Hong Kong-listed cryptocurrency stocks rebounded: New Fire Technology Holdings (01611.HK) rose 4.42% and Boyaa Interactive (00434.HK) rose 3.59%.

- A large number of people have been liquidated: CoinGlass data shows that in the past 24 hours, the number of people liquidated in the cryptocurrency market has reached 505,000, and the total amount of liquidation has reached US$1.688 billion.

- Trump crypto project dynamics: Trump crypto project World Liberty Financial transferred 8 crypto assets worth a total of US$307 million to Coinbase Prime in the past 6 hours for fund management and business operations. In addition, Trump’s second son Eric Trump said now is the best time to increase holdings of Ethereum.

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Analysis of the reasons for this market crash and market trend!

The United States has announced that it will impose a 25% tariff on almost all imported goods from Canada and Mexico, a 10% tariff on energy products from Canada, and an additional 10% tariff on Chinese goods. The tariffs were implemented in response to China's smuggling of fentanyl and its precursor chemicals into Mexico and Canada, which are then illegally brought into the United States. Canada immediately responded by calling for equivalent retaliatory tariffs. As a result, risk markets fell, with Bitcoin dropping to a low of $100,279.

This Saturday marked the largest macro risk of the year, as Trump implemented significant tariff increases. It now appears that Trump is very determined to broadly raise tariffs, and this is just the first step, with more tariffs expected to be announced soon. Trump seems unfazed by the potential for economic and market volatility, stating, "There may be some temporary, short-term disruptions, and people will understand this." The economy and financial markets, which are heavily reliant on tech stocks, are in great turmoil.

BTC 4-hour K-line trend:
Resistance level: around 102266 to 103650
Support level: around 99150 to 100650

ETH 4-hour K-line trend:
Resistance level: around 3185 to 3260
Support level: around 3050 to 3108

Currently, the market is still adjusting, stabilizing temporarily in the short term, but it is advised to avoid probing lower again, control positions well when bottom-fishing, and build positions in batches!

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