February 3 Major Market Outlook

Although the price has rebounded, it remains below the middle band of the Bollinger Bands, with the upper band turning downward and the lower band flattening.
The rebound lacks strength to break through the middle band resistance, which continues to trend downward, indicating that the overall trend remains bearish.
If the price rebounds to the middle band and encounters resistance and then falls back, it is a typical bearish signal of the Bollinger Bands.
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DIF and DEA are still below the zero line, but DIF has turned upward and is about to cross above DEA, with the MACD histogram changing from negative to positive.
This is just a weak rebound after a decline, and since DIF and DEA have not moved above the zero line, the fundamental structure of the bearish trend has not been reversed.

Bitcoin outlook: Rebound around 89,900-89,800, then look down to 87,800-85,000. If broken, continue to decline.