February 2nd, Bitcoin and Altcoins Silk Road



The Federal Reserve changes its chair + partial US government shutdown trigger widespread market panic, gold and silver plummet, and the crypto market also experiences a bloodbath. However, the panic has now gradually eased.

From the chart, BTC quickly rebounded after dropping to around 75,500, with the short-term bottom basically confirmed. The technical MACD shows a golden cross forming, and the green bars are still expanding. ETH's trend is similar to BTC; after this wave of decline, liquidity has decreased significantly, but the 2200 support level is very stable, and it's clear that some funds are quietly accumulating.

Personal trading suggestions:

Bitcoin can fluctuate between 76,000-77,000, with targets at 79,000-80,000;
Altcoins can fluctuate between 2220-2280, with targets at 2380-2400. $BTC $ETH
ETH0,29%
BTC0,98%
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