After a sharp decline and bottoming out overnight, the Asian session early trading showed signs of stabilization. Short-term selling pressure is gradually easing, and buying interest is starting to enter at lower levels. Bitcoin and altcoins are highly correlated, so this morning's focus is on capturing a rebound and correction phase.
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February 4 Morning Market Analysis
After a sharp decline and bottoming out overnight, the Asian session early trading showed signs of stabilization. Short-term selling pressure is gradually easing, and buying interest is starting to enter at lower levels. Bitcoin and altcoins are highly correlated, so this morning's focus is on capturing a rebound and correction phase.
Bitcoin (BTC)
Direction: Bullish
Entry Range: 75,000-75,500
Target Range: 77,000-77,700