A rebound rather than a reversal. The Federal Reserve's probability of cutting interest rates in March is only 23.2%!
Over the weekend, the market surged twice, marking a successful conclusion to Friday’s low-volatility strategy. Bitcoin is expected to rise from 6400 to 7200, and Ethereum from 1860 to 2100. Although the market surged significantly, the overall trend remains in the mid-term bear market. The low probability of rate cuts is not optimistic, so long-term bottom fishing should wait. Key events this week: Tuesday inflation expectations, Wednesday non-farm payroll data, Friday CPI!
BTC The short-term moving averages are forming a golden cross. The retracement lows are gradually rising, but low trading volume limits upward momentum. Liquidity is facing exhaustion. The market is in a consolidation phase. The intraday rebound resistance is around 7180. If it cannot break through, it may retest lower levels. A volume breakout could allow for light long positions on the right side. The strong resistance above is at 7410. For conservative traders, focus on this level.
Range around 7160-7200, with support at 7260. Target below 6970 to 6870-6720 if broken.
ETH Range around 2125-2152, with support at 2198. Target below 2065 to 2000-1928 if broken.
Short-term trading is flexible and depends on your own position and risk management!#当前行情抄底还是观望? $BTC
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February 9th BTC/ETH:
A rebound rather than a reversal. The Federal Reserve's probability of cutting interest rates in March is only 23.2%!
Over the weekend, the market surged twice, marking a successful conclusion to Friday’s low-volatility strategy. Bitcoin is expected to rise from 6400 to 7200, and Ethereum from 1860 to 2100. Although the market surged significantly, the overall trend remains in the mid-term bear market. The low probability of rate cuts is not optimistic, so long-term bottom fishing should wait. Key events this week: Tuesday inflation expectations, Wednesday non-farm payroll data, Friday CPI!
BTC
The short-term moving averages are forming a golden cross. The retracement lows are gradually rising, but low trading volume limits upward momentum. Liquidity is facing exhaustion. The market is in a consolidation phase. The intraday rebound resistance is around 7180. If it cannot break through, it may retest lower levels. A volume breakout could allow for light long positions on the right side. The strong resistance above is at 7410. For conservative traders, focus on this level.
Range around 7160-7200, with support at 7260. Target below 6970 to 6870-6720 if broken.
ETH
Range around 2125-2152, with support at 2198. Target below 2065 to 2000-1928 if broken.
Short-term trading is flexible and depends on your own position and risk management!#当前行情抄底还是观望? $BTC