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2025.2.2 Noon BTC/ETH Market Analysis
In the past 24 hours, 4.3 billion CNY was liquidated, and 247,400 people were liquidated to zero! Throughout this year, the market has been repeatedly ravaged, and there is hardly any vitality left. It takes time for the market to deteriorate, and the patience is exhausted by the long-term consumption of the market!
No breakthrough, no establishment. When the market reopens, it is the time when the vast majority of the market has lost confidence. This is the cruel reality that will not change due to individual will or emotions. While you are sick, it wants to take your life. In this high-volatility market, medium- to long-term traders must maintain patience and wait. This waiting is not a matter of a few days, but possibly a matter of a few months. It is necessary to make a strategic layout of "accumulating food widely, building high walls, and slowly becoming king"!
Ultra-short-term players are mainly intraday contract players, with high risk and high returns. To achieve high returns in gambling, one must inevitably bear high risks. This is proportional!
BTC attention
Support 97500/94600/91800
Pressure temporarily set at 105500-107000
ETH Focus
Support 2945/2851
Pressure temporarily set at 3340/3440
At this moment, BTC is consolidating around 99000. The bearish trend on the 1h/2h/4h charts is strong right now. Do not attempt to counter the trend. There may be a need for short-term rebound in the 5/15min timeframe tonight or early morning after probing the bottom!
At this moment, if it is not the completion of the second bottom at 99000, then it will be the completion of the bottom divergence signal around 7-8 pm. If so, there will be a demand for a rebound in the ultra-short term! This demand is currently based on the signals of the second bottom and bottom divergence!
#GT