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Gate Square | 2/5 Today's Hot Topic: #BuyTheDipOrWaitNow?
🎁 [Community Perk] Post with the topic or #BTC, 10 lucky users * $100 position Voucher.
Market volatility continues as BTC breaks below the $74,000 key support level, with altcoins pulling back in sync. Are you buying the dip in batches or waiting for a better entry point?
💬 Today’s Discussion:
1️⃣ Bottom Signals: Where do you see BTC’s bottom — $70,000 or lower?
2️⃣ Market Drivers: Which recent macroeconomic news or rumors are influencing the market?
3️⃣ Dark Horses: Are there any resilient or outperforming tokens worth watching?
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February 5 Morning Market Analysis
The weak market trend continued in the early trading session. After the price broke below the key moving averages yesterday, the bearish trend led the market to continue downward. All technical indicators are showing weakness, with volume increasing during the decline phase, and selling pressure continues to be released; if the short-term price cannot strongly recover the 2200 level, the downward trend will further persist, continuing to test lower support levels.
Bitcoin
Resistance Range: 73500-74200
Downward Testing Target: 72200-71000
Ethereum
Resistance Range: 2165-2190
Downward Testing Target: 2120-2075