February 6th Bitcoin Market Outlook

Influenced by the Federal Reserve's hawkish stance, a pullback in the US stock market, and phased profit-taking, the market experienced a deep decline, with key support levels broken and the price dropping to lower ranges. Currently, the technical structure has clearly weakened, with the MA7 and MA30 forming a death cross downward, and the price remaining under pressure as the moving average system continues to operate.

From the market rhythm perspective, the intraday rebound is more of a weak correction after a sharp decline rather than a trend reversal signal. The candlestick pattern shows "long bearish candles with short bullish candles," indicating that the bearish momentum has not been fully released. The trading strategy remains focused on shorting high rebounds and avoiding blindly chasing long positions.

The market has entered an emotional selling phase, with panic volatility amplifying. However, from a cyclical perspective, truly high-value opportunities often emerge after extreme emotional releases.

The core annual opportunity still lies in phased positioning within the bottom range:
- If Bitcoin drops back to the 5-digit region, consider gradually allocating quality assets;
- If it reaches the extreme 4-digit prices, it will enter a high-cost performance strategic zone, where focused attention and patient accumulation are essential.

Friends who have historically missed the lows of bear markets but entered at the highs of bull markets should pay more attention to rhythm and positioning this time, viewing the bottom layout as a chance for a fresh start.

Trading suggestions:
Bitcoin: Short in batches within the rebound range of 65100–66500, targeting 63000–60000, with a continuation if support breaks.
Ethereum: Short in batches within the rebound range of 1925–1950, targeting 1866–1786, with further decline expected if support breaks.