February 4th Market View: The current rebound may seem somewhat fragile.

First, let's look at the weekly chart of BTC, where clear reversal signals have appeared from a technical perspective. The 20-day moving average and the 60-day moving average at the weekly level have formed a death cross, while the price has lost the key previous low of 74500. As the market creates lower new lows, the weekly cycle has actually fully entered a bearish trend.

Investors need to be aware that such large-scale trend adjustments are often difficult to conclude in just two to three months. The market has not yet experienced a true panic sell-off moment, and it is expected that a large-scale bottom structure will not emerge until the second half of the year.

Currently, the upper pressure range has gradually moved down to the line of 81000 to 84000. In the upcoming trend, we are likely to see the price highs and lows display a continuously downward trend.