Tuesday, February 10

The overall market is currently in a weak rebound phase within a bear market, representing a consolidation period after a sharp decline.

Yesterday, we advised focusing on selling high during rebounds and buying low on dips. We believe that friends following the Ziqing trading system have already gained significantly from both long and short positions.

Currently, Bitcoin (BTC) and Ethereum (ETH) charts show that prices are repeatedly testing above key support levels, but there is significant trapped position pressure above, making a strong unilateral trend unlikely in the short term. The macroeconomic bearish pressures continue to suppress bullish attempts, and technical indicators such as moving average death crosses and Bollinger Bands opening downward also point to a bearish trend.

In the short term, the market will likely maintain a consolidation and correction pattern, with a low probability of a strong directional move. Caution is advised regarding the risk of a second bottom test. Key observation points are whether BTC can hold above the 70,000 level and whether ETH can defend the 1,992 support level.
$BTC

BTC (Bitcoin): Expecting to fluctuate within the 68,200 – 70,500 range; if it effectively breaks below 68,000, it may further decline to 66,500.
$ETH

ETH (Ethereum): Expecting to consolidate within the 1,993 – 2,150 range; if it breaks below 1,990, it may test the 1,950 support.

Core strategy: Sell high and buy low, strictly control position sizes, and implement strict stop-losses. If BTC or ETH breaks through key resistance/support levels with high volume, adjust strategies promptly. Specific market points will be based on Ziqing’s real-time trading signals.
#当前行情抄底还是观望？