February 10th BTC/ETH:

A rebound is not a bull return, just a dead cat bounce at the end!

Currently, the market has rebounded from the lowest point by ten thousand points, giving everyone hope. However, the reality is that institutional players are still gradually clearing their positions, meaning the true bottom has not yet arrived. The key point regarding the Federal Reserve's rate cut timing is: there will be no rate cut in March-April; only after Bush takes office in June is there a certain chance of a cut. Meanwhile, other countries are beginning to tighten monetary policy, making a rate cut by the Fed even more difficult. Therefore, the market is likely to show a sideways movement, with the risk of a second dip at any time due to excessive selling pressure!

BTC
From the overall pattern, the rebound highs are gradually decreasing, buying momentum is insufficient, the four-hour MACD is continuously shrinking and is about to form a death cross, and the KDJ is extending downward. During the day, watch for resistance at 7000. As long as the hourly rebound cannot stabilize above this level, the market will continue to weaken. Any pull above 7000 should be monitored, with a defense above 7200. The downside targets are support levels at 6720-6430-6230.

ETH
The intraday rebound resistance is at 2080-2150. If the rebound can stabilize above 2080, the biggest resistance above is 2150. Breaking through 2150 could allow for light long positions on the right side. Short-term intraday entry around 2080, with downside targets at support levels 2015-1928-1860.

Short-term trading is flexible; defense depends on your own position and actual situation! #当前行情抄底还是观望？ $BTC