2026-02-03 02:35:04

February 3rd Bitcoin Market Outlook:

Price rebounded but remains under the middle band of the Bollinger Bands, with the upper band turning downward and the lower band flattening. The rebound lacks strength to break through the middle band resistance, which continues to decline. The overall trend remains bearish, and the middle band encountering resistance and falling back is a typical bearish signal for the Bollinger Bands.
Regarding MACD, the DIF and DEA are still below the zero line. Although DIF is turning upward to form a golden cross with DEA and the histogram shifts from negative to positive, this is only a weak rebound after a decline and the core bearish structure has not been reversed.
Trading Suggestions:
Short positions around 79,000-79,500, targeting 77,000-77,500
Short positions around 2,350-2,380, targeting 2,200-2,230

BTC-5.18%

ETH-4.86%

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