February 3rd Bitcoin Market Analysis (Text Version), Note the rebound at the 90-minute level #比特币 #加密市场回调

Figure 1, the current position is at point 1, and the market is also under the trend pressure of the 90-minute level, while the market is at the zero axis of the 90-minute level. What to watch out for is the result after the small-level high-level oscillation ends. If the 90-minute level declines, it needs to be a valid and sustainable decline to generate a good market. If not, the market will still be in a range-bound oscillation, with the market oscillating at a high level. If the market breaks through the 90-minute (79583) resistance level and cannot sustain it, pay attention to the potential for a false breakout. There is still resistance at the 2-hour level above, at 80379.
Figure 2 shows the current market at the hourly level. At this point, avoid going long or short; instead, wait for a small-level reversal after the high-level oscillation. For short positions, wait until the hourly level shows weakness before shorting. Avoid choppiness, as the small level still has bullish momentum. Bulls need to pay attention to the market’s sustainability.