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Gate Square | 2/5 Today's Hot Topic: #BuyTheDipOrWaitNow?
🎁 [Community Perk] Post with the topic or #BTC, 10 lucky users * $100 position Voucher.
Market volatility continues as BTC breaks below the $74,000 key support level, with altcoins pulling back in sync. Are you buying the dip in batches or waiting for a better entry point?
💬 Today’s Discussion:
1️⃣ Bottom Signals: Where do you see BTC’s bottom — $70,000 or lower?
2️⃣ Market Drivers: Which recent macroeconomic news or rumors are influencing the market?
3️⃣ Dark Horses: Are there any resilient or outperforming tokens worth watching?
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#btc #eth BTC February 5 Morning Market Analysis: Currently, the market has declined from its highest point. Whether it’s ETH or BTC, both have broken through some major support levels. This presents some good opportunities for spot buying. However, regarding contract trading, whether going long or short, the risks are very high at the moment. If this week’s weekly candles for BTC and ETH do not rebound and continue to fall to new lows, then from an operational perspective, the main approach should be to wait and see, with no entry opportunities. The limit-down levels for BTC and ETH in this round of decline are around 5.5 for BTC and possibly below 1800 for ETH. Overall, there are no significant rebounds during this decline, and the recommended approach is mainly to wait and see. Do not attempt to chase short positions, as the risks are high.
Finally, I wish everyone many profits 😀