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Yueying: Bitcoin and Ethereum Market Analysis Today (February 3rd) - Can Bitcoin Hold the Key Bottom Zone and Return Above 80,000?

2026-02-03 08:20:38
Shareshare
Bitcoin's daily chart shows a rebound after a previous decline, closing with a bullish wick. The price has returned to above the lower Bollinger Band. Intraday trading opened with narrow-range fluctuations, and the Bollinger Bands remain wide. Short-term moving averages are trending downwards, the MACD fast and slow lines are extending downwards with decreasing volume, the KDJ is turning upwards, and the VR indicator is consolidating around 80. The 4-hour chart shows a rebound after testing the lows, breaking through the 7-day moving average but encountering resistance around the middle band. The Bollinger Bands are trending downwards and showing signs of narrowing. Short-term moving averages are turning upwards, the MACD fast and slow lines are crossing upwards at a low level with increasing volume, the KDJ is extending upwards but encountering resistance near 100 and showing signs of turning downwards, and the VR indicator is consolidating around 60. Overall, the market movement is in line with yesterday's expectations, rebounding after testing a key support zone. Short-term consolidation is expected, and large price swings are unlikely in the near term. Support is expected around 76000, and resistance is expected around 82000. This is a short-term trading recommendation. Bitcoin short-term trading suggestions: Short at 81500, Long at 76800 (Take profits as needed after strategy activation). Ethereum's daily chart closed positive but encountered resistance around 2400, entering a period of consolidation today. The overall technical picture is correlated with Bitcoin. The four-hour chart shows no signs of breaking through the middle Bollinger Band, indicating a potential pullback. Support is expected around 2180-2150. As long as this level holds, the market is likely to remain range-bound. Resistance is seen around 2480. Ethereum short-term trading suggestions: Short at 2458, Long at 2230 (Click the image to see the homepage introduction for more cryptocurrency analysis). —I am Zhou Yueying, a teacher specializing in technical analysis. Feel free to discuss and learn with me about trading and trends if you have any questions. Let's exchange ideas and profit together!
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