Weekly Report on Ice Sugar Oranges‼️ (First Week of February)

【Weekly Chart Level】
1) The bearish weekly K outlook mentioned last week has been validated✅, and the long-standing view starting with 7 has been confirmed✅
2) Last week still closed with a large bearish candle; the low of 75500 is not the bottom. The price entered the weekly support zone, and recently it tends to quickly rebound after sharp dips. Be cautious about short positions.
3) Long-term view: The rise from 15443 to 126200 has ended; the top is at 126200. A long downward cycle has begun. The first target starting with 7 has been achieved; the next long-term target starts with 6.

【Daily Chart Level】
1) The view that 80600 is not the bottom has been validated✅
2) 74500 is the low point of the previous bull market correction. There is some liquidity here, and after a quick dip and recovery, there is a chance for a rebound.
3) The first daily resistance is at 81000, and the second resistance is at the daily bearish OB.

【4-Hour Chart Level】
1) The 4-hour level is in a severely oversold state. If the bulls can break through 79400, they can breathe a bit; otherwise, the market remains weak.
2) The 4-hour resistance is at 79400, and the 4-hour bearish OB is above 82500#btc $BTC