2026-02-06 01:49:38

#btc #eth February 6th Morning Market Analysis: Currently, the market has been moving since last night, with a surge in short positions accelerating. The lowest point touched the 60,000 round number. Subsequently, a rebound has begun. It can now be confidently predicted that BTC is likely to reach the $50,000 range, between $55,000 and $50,000. ETH is also likely to reach the $1,400 to $1,600 range. After a rebound, there is a high probability that the price will decline again. Once this decline completes, there may be an opportunity to find the bottom.

Trading Strategy
For those holding long positions, consider closing small losses after this rebound during the resistance. Spot traders can hold long-term and buy on dips.

Contract Suggestions
For BTC, consider shorting near the $70,000 rebound target, aiming for $55,000 to $50,000.
For ETH, consider shorting near the $2,100 rebound target, aiming for around $1,500. Focus on high-altitude shorts.
Wishing everyone many profits!😀

BTC-5.44%

ETH-7.31%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.