#数字资产市场观察 Market Observation at the Beginning of February

The 90000 position looks quite critical right now. Recent sell-offs have stopped around this area, and the bulls clearly do not want it to break below. Although it is still fluctuating, the support strength in the range from 90000 to 90500 is already noticeable, with the previous candlestick featuring a long lower shadow being the best proof.

In the short term, signs of a rebound are accumulating. If the range of 90500-89800 can hold steady, there is a chance to reach up to 91800 or even 93000. However, it is important to pay attention to the defense level; if 88900 is lost, it will need to be reassessed. At this position, the risk-reward ratio is still acceptable, making it suitable for aggressive friends to set up long positions.