2026-02-06 01:59:26

Bitcoin remains predominantly bearish in the short term. The hawkish stance of the Federal Reserve, weak performance of US stocks, and profit-taking outflows all contribute to the downside.

Technical indicators show moving average death crosses pointing downward, indicating a weak rebound. This is a correction after a sharp decline, and the bearish momentum has not yet dissipated.

Maintain a high short position strategy, and be cautious of the risk of a second bottom break. Avoid blindly bottom-fishing.

Bitcoin: Short around 65,500-66,300, with targets down to 62,000-60,000. If broken below, continue to watch 56,000.

Ethereum: Short around 1,950-2,000, with targets down to 1,800-1,700. If broken below, continue to watch 1,500.

BTC5.57%

ETH4.34%

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