$BTC $ETH Afternoon Analysis: Published at 13:46 on February 2nd



Yesterday, after a short-term long position was hit, no new orders were opened. The trend has formed, and small timeframes are easily hit. It is recommended to follow the trend. All take-profit and stop-loss points here will be reviewed and analyzed. Learn to respect the market. Only through review and summary can you become stronger. To friends who choose to trust Brother Rui, it is advised to study Brother Rui's trading philosophy more. In the future, we will occasionally provide course materials as welfare courses. If you like the host, please follow and observe! See if it’s worth subscribing! Thank you all for your support!

First, we see that Bitcoin’s weekly level has already broken the line. Most institutional cost prices are above 70,000. As the New Year approaches, they need to deliver a report. Triggering risk control institutions to sell off, beware of the weekly level dropping to around 68,200. For now, focus on the daily support around 71,800. If it stabilizes, watch whether it can close above 78,000. During the day, Bitcoin continues to decline, with key levels to watch at 76,557-78,875 above and 74,312-72,411 below. Operation suggestions can revolve around shorting near 77,325 with a stop at 78,200, and going long near 72,411-71,800 with a stop at 71,999.

Secondly, Ethereum’s weekly close at 2314. Bitcoin drops slightly, Ethereum plunges sharply—true to its reputation as a jumping champion. The weekly support is temporarily at 1858. The daily level has been in operation for two weeks, and the decline is accelerating. Be cautious of a false break below 2000 followed by a quick recovery. The reference point below the daily chart can be 1973. During the day, ETH’s volatility is relatively high. For conservative traders, mainly consider short positions. In the next 1-2 days, focus on resistance at 2273-2380 and support at 2139-2047. Operation suggestions can revolve around shorting near 2285 with a stop at 2316, and going long near 2047-2019 with a stop at 1999.

Note: The suggested positions are 1% of your capital. The article is time-sensitive; real-time guidance is based on the live broadcast. Personal opinions are for reference only. Use small capital for compound growth. Good luck to everyone! #加密市场回调 #美联储人事与宏观政策影响 #美政府停摆危机 #加密市场观察
BTC1,47%
ETH2,07%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
Black123456vip
· 6h ago
Yes
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)