February 3 Auntie Em Market Outlook

Although the current price has rebounded, it is still operating below the middle band of the Bollinger Bands. The upper band continues to turn downward, while the lower band remains flat, indicating that the bearish momentum has not yet exhausted.
The continuous decline of the middle band is a clear trend bearish signal, reflecting that the current long-term cycle is still dominated by bears.
If the price rebounds near the middle band, it will most likely encounter strong resistance and fall back; once the lower band support is effectively broken, it will directly open a new round of downward space.

Auntie Em Trading Advice: Rebound around 2350-2410, then look down to 2250-2100; if broken, continue to look down $ETH