Support the cryptocurrency circle

As of February 5th, 9:07 AM, the Bitcoin price is reported at $73107, a nearly 4% drop in 24 hours, with over 140,000 people liquidated in the last 24 hours.

This drop is mainly due to a decline in market risk appetite, sharp declines in US tech stocks, continued capital outflow from Bitcoin ETFs, and uncertainty surrounding the change of the Federal Reserve chair, with the market concerned about tightening monetary policy.

Additionally, gold prices have surged, with funds flowing from cryptocurrencies to gold and other safe-haven assets, further exacerbating Bitcoin's decline.

In the short term, Bitcoin is expected to fluctuate; the key support level is around $72000. If it cannot hold, it may drop to between $68000 and $70000.

However, there's no need to be too pessimistic; the daily chart shows some overselling, and if it can stabilize at $76000 today, it might rebound to between $78000 and $80000.

In the medium term, there may be a rebound opportunity in February, targeting $85000 to $90000. If the macro environment improves, it could potentially return to over $100000 by the end of the year.

Ethereum is currently priced at $2124.3, down 4.45% in 24 hours, with a low of $2108.28, a market cap of $256.4 billion, and a trading volume of $720.8 million.

Short-term support is at $2100; if it breaks, it might drop to $2000; resistance is at $2300, and if it stabilizes, it can rebound to $2400.

The latest price of BNB is $696, down 7.8% in 24 hours, with a low of $687.4, a circulating market cap of $96.875 billion, and a 24-hour trading volume of $15.1665 million.

Short-term support is at $680; if it cannot hold, it may drop to $650; resistance is at $750, and if it breaks through, it could see $780.
$BTC

{spot}(BTCUSDT)
$ETH

{spot}(ETHUSDT)
$BNB

{spot}(BNBUSDT)