Bitcoin (BTC) Latest Market Trend Analysis: 2/3 The current market is in a typical range-bound state, with prices fluctuating repeatedly between key support and resistance levels. Technically, although overall market momentum is weak, the appearance of the Evening Star pattern and extremely low trading volume suggest short-term downside risk. Furthermore, the entanglement of moving averages and the convergence of Bollinger Bands further confirm the market's sideways consolidation pattern. Given the current range-bound state and the Evening Star pattern suggesting short-term downside risk (major premise), prices may encounter selling pressure near strong resistance levels (minor premise). Therefore, adopting a strategy of selling high near resistance levels is a reasonable choice in line with the current market situation (conclusion). Subsequent operations are recommended to focus on buying on rallies. For Bitcoin, buy around 79000-79500, with a target of 77500-77000. For Bitcoin 2, buy around 2340-2360, with a target of 2280-2250.
Bitcoin and Ethereum latest market trend analysis: 2/3
2026-02-03 08:15:45
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