2026.2.3 Market Analysis:

Bitcoin rebounded after hitting a bottom yesterday, reaching a high of around 79,400. Today, the market faced resistance and declined again, currently quoted at around 78,400. On a weekly chart, the trend currently shows a small bearish candle. There are wicks on both ends, but the upper gap remains at around 85,500, which is a strong resistance level on the weekly chart. There is still room for a rebound; after a double bottom on the 5-day chart, the trend is now in a consolidation phase. From this level, the MACD shows divergence, but since the yellow and white lines are not particularly low, a gap fill can be considered first. If it breaks through the MA5 moving average, further divergence and rebound are expected. On the 3-day chart, the trend has completed a switch from red to green candles. After today's switch, the trend shows a slight pullback, likely shifting from a low open to a high move in the next two days. The resistance above this level is around 84,000. The RSI has entered the oversold zone, leaving room for a rebound and a potential bottoming out.

On the daily chart, the current trend faces the nearest resistance at the daily MA5. After a slight upward push at the open today, the trend began to decline. Currently, the slopes of the moving averages are too steep, requiring a slow push to break through MA5 to help the larger trend recover. In the short term, breaking through 79,400 is crucial for a larger rebound. Focus on the 6-hour chart, as after the 4-hour rally, the 6-hour MACD is gradually turning from red to green, forming a green upward segment, with the short-term trend relying on the 6-hour MA5 for further upward movement. If the price can stay above 77,600, the short-term upward trend will continue; otherwise, the market may form a sideways consolidation zone at the bottom, with sideways movement replacing upward momentum.

In summary, the short-term and even this week's trend mainly focus on low buy rebounds, with high selling as a supplement. Support levels are at 74,500 and 70,000, while resistance levels are at 84,000 and 85,500.

Ethereum and Bitcoin have completed the switch on the same line across weekly, 3-day, and daily charts, with unfilled gap openings serving as a core driver for the short-term rebound. Today, after the 3-day switch, the market opened lower. Although the short-term bulls are temporarily weak, the overall rebound trend remains unchanged, with ample space for gap filling. Key resistance levels are at 2,660 and 2,750, which are multi-level resistance resonance points and critical obstacles for the rebound. Support levels are at 2,080 and 1,750, which are the core supports of the previous consolidation platform and can serve as key references for short-term long positions. If the price can hold above these support levels, it will further boost the gap fill rebound trend.