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February 3 Evening Bitcoin / Altcoin Market Analysis + Spot Trading Strategies
Market Analysis
Bitcoin remains volatile intraday, with significant resistance around 79,000. The rebound volume continues to be weak, and a clear correction trend has now emerged; Altcoins have been moving in tandem with Bitcoin's weakness, showing no independent upward momentum. The short-term downward trend remains unchanged, and there are no current entry opportunities.
Spot Trading Strategies
Bitcoin
Direction: Short on rebounds
Entry Range: 78,500-79,000
Target Range: 77,500-77,000
Stop Loss: 79,500
Altcoins
Direction: Short on rebounds
Entry Range: 2,380-2,410
Target Range: 2,320-2,290
Stop Loss: 2,440