2.5 Thursday's Latest Bitcoin and Altcoin Strategies

Recently, the lowest points for Bitcoin and altcoins have been continuously moving downward. Many friends who haven't been able to catch the trend recently have been asking me how I see the market and what to do. Today, I will provide an in-depth analysis. The specific operations will still be based on my stone盘 (stone盘), especially since we are at a critical juncture. If the 70,000 level cannot hold, the mid-to-long term target will be 60,000!

As of February 5th, the support zone for altcoins below 2100 is concentrated around 2000–2070, which is a short-term strong support zone. The chips in this range amount to about 4.2 million coins, accounting for 5.3% of circulating supply. This is the main turnover zone after the rapid stacking in January and February, with the low point at 2160 on February 2nd and a dip to 2075 on the 5th. The support comes from psychological levels, weekly technical levels, and contract liquidation resonance. Purple orders are densely placed around 2000–2050. If volume increases and the price breaks below 2070, it is likely to accelerate downward toward 2000; previously, 2000 and 2050 have repeatedly formed weekly-level rebounds, so it’s important to monitor the 2000 level closely.

Strong support below Bitcoin is in the 68,000–70,000 range, with about 2.1 million coins, accounting for 1.10% of circulating supply. This zone is the 2025 washout area and a holding zone for long-term holders. It is a historically dense trading area and a whale lock-in zone, making it difficult to break through effectively under normal market sentiment. If volume stops stacking, it could trigger a rebound. The area around 69,000 is a previous high and low point conversion zone, and 69,500–70,000 is the weekly candlestick support. If not broken, it can serve as a basis for medium- to long-term phased deployment.

Personal opinion, for reference only, not investment advice!