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February 5th, Bitcoin and Ethereum, Silk Road
Today, the market is dominated by profit-taking factors. Bitcoin dropped from 98,000 all the way down to 71,600, with the bulls having no room to fight back. The market has already experienced a stampede. The key point now is whether the 70,000 level can hold this wave of decline. For Ethereum, just watch the 2000 level. The overall strategy today is to open high and profit-take.
Personal trading suggestions:
Bitcoin can be traded within the 73,500-74,500 range, with the first target at 71,000-70,000. If this level breaks, continue to look down to 68,000.
Ethereum can be traded within the 2,180-2,200 range, with targets at 2,100-2,050.
$BTC $ETH