On February 3rd, the market dynamics show that the crypto sector is experiencing a comprehensive price decline. Just yesterday, several star concept stocks that had previously achieved astonishing increases of 10 to 30 times during this bull market—Coinbase, MSTR, and Robinhood—saw significant declines, with HOOD's drop reaching as much as 10%.

In light of the current market trends, we can confirm that the market is undoubtedly dominated by a bearish trend. However, market sentiment seems not to have fully released yet, and the most panic-inducing phase has yet to arrive. Based on the judgment of the larger cycle, it is still too early to enter for bottom positioning.

For friends focused on short-term trading, it is recommended to pay attention to BTC's upcoming rebound performance. Currently, its rebound target is likely to be within the range of 81000 to 84500.