February 2nd BTC/ETH:

A waterfall decline has everyone panicking, are the whales starting to surrender?

Last night, the market experienced a second dip. Rumors say that Trump’s son Bannon, also known as the 10.11 insider whale, has liquidated 600 million in Auntie’s assets, and Yilihua’s 20 billion leverage has been reduced to just 500 million. They are starting to cut losses and reduce leverage. Speaking of whales, they are just a bit bigger than retail investors on Wall Street!

BTC
The current market has already approached the weekly support level. A second dip at this point is beneficial for a rebound. Those who entered early to buy the dip with high leverage should lighten their positions to ease the burden on the upward move. Although the overall trend remains bearish, it’s unlikely to break new lows so quickly. Expect some consolidation and a rebound first. The rebound target is in the 8100-8300 range. There’s no need to be overly aggressive in chasing the rebound right now.

Focus on the 7580-7620 range, with support at 7490. The target is to break through 7720 and aim for 7930-8150.

ETH
The Auntie’s decline last night was very sharp, which raises suspicion of targeted destruction against whales. It also coincided with the weekly support level. During the day, watch for a retest of support at 2195. As long as it doesn’t break below that, the market should rebound.
$BTC
The range is around 2198-2223, with support at 2148. The target is to break through 2272 and look towards 2375-2466.

Short-term trading should be flexible and based on your own position. Adjust your support and resistance levels accordingly! #加密市场回调