February 4th BTC/ETH:

Late-night market drops sharply, but institutions are buying in the opposite direction?

The price is not much different from yesterday. The difference is that some people's positions are gone. As mentioned before, 7450 is not the bottom, just a stage of rebound from the bottom. On the news front, the federal shutdown has ended, but geopolitical tensions continue. What’s different is that on-chain institutional funds are starting to buy in. Whether the market can stabilize depends on whether the main players can offload their holdings!

BTC
Currently, the weekly support level has broken, the daily EMA trend is weakening downward, RSI has entered oversold territory, and there are signs of bottom divergence on the four-hour chart. The market is experiencing a round of oversold rebound. Overall liquidity is poor, and volatility is mainly driven by institutional funds. Watch 7700; if the rebound cannot stabilize above this level, the market may fall again. If it breaks through, it can be a good entry point on the right side. Resistance levels are 7920-8150.

Around the 7700-7750 range, with a support at 7810, target 7450-7280. If broken, look for a move down to 7100.

ETH
Around the 2288-2306 range, with a support at 2355, target 2223-2162. If broken, look for a move down to 2103.

Short-term trading is flexible; defense depends on your actual position! $BTC #加密市场隔夜V型震荡