Yueying: Bitcoin and Ethereum Market Analysis Today (February 6th) - Bulls Gather to Seize Opportunities and Buy the Dip?

Bitcoin's daily chart shows a large bearish candlestick indicating accelerated bottoming. After opening today, it continued testing the 60,000 level again before rebounding. Currently, it's trading below the lower Bollinger Band, which remains wide. Short-term moving averages are trending downwards, the MACD lines are extending downwards with increasing volume, the KDJ is finding support near 0 and turning upwards, and the VR indicator is consolidating around 60. On the 4-hour chart, the price failed to break through the 7-day moving average, resulting in a slow decline. Currently, it's experiencing a slight rebound and is testing the 7-day moving average again. The Bollinger Bands are trending downwards, short-term moving averages continue to extend downwards, the MACD lines are showing signs of turning downwards with decreasing volume, the KDJ is crossing upwards, and the VR indicator is consolidating around 40. Overall, this market has been a continuous, slow decline. As mentioned yesterday, this kind of market is quite troublesome; only those with the courage to short can profit, as rebounds rarely provide good entry points. After this accelerated decline, the bulls have largely liquidated their positions, and a rebound is needed for correction. The market also needs a boost. My current view is that long positions are possible, provided risk management is in place. Pay attention to the support level around 62,000, and then around 58,000. See short-term suggestions. Bitcoin short-term suggestion: Buy at 62,800 (or 58,800), target 68,000-70,000 (manage profits as needed after strategy activation). Ethereum's technical analysis is correlated with Bitcoin's; there's not much else to say. The main strategy going forward is to buy on pullbacks, watching for a rebound after a deep pullback. Even so, manage risk carefully, as further declines cannot be ruled out. See short-term suggestions. Ethereum short-term suggestion: Buy at 1830 (or 1588), target 2100-2180 (click the image to see the homepage introduction for more coin analysis). ——I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!