Last weekend, Bitcoin experienced a sharp rebound after significant volatility. On Thursday (February 5), market panic intensified, causing Bitcoin to plunge over 10%, briefly dropping below $60,000, marking a 15-month low, while Ethereum also fell to around $1,750. This sharp decline was mainly due to substantial withdrawals of institutional funds, over $800 million in leveraged positions being liquidated, and extreme market panic. Then on Friday (February 6), buying pressure returned, and Bitcoin strongly rebounded by about 10%, with prices returning above $70,000. Market analysis generally believes that this rebound is a technical oversold rebound, stemming from buying on dips after the short-term plunge, but the deleveraging pressure that triggered the decline and cautious market sentiment have not completely dissipated, and the market may continue to oscillate.
$BTC $BNB MEME track is getting better Which one do you have high hopes for? Post it in the comments, let's reach a consensus together, looking forward to it🌹🌹🌹
#何时抄底? There is a saying that one should not speak of the bottom during a decline... Personally, I believe it is still a rebound during the decline. Select coins and do well with the waves, do not be greedy! $BNB {spot}(SOLUSDT) {spot}(VETUSDT)
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2.8, the market continues to rebound and rise significantly, today I made some profits on the order, still sending everyone 10,000 BNB red envelopes 🧧🧧🧧 going to sleep $ETH
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The trend has formed on the big pancake tonight, it seems that going up this time should be fine for a prosperous year! My long position is around 73500, looking forward to making a small profit, and in my free time, I'm still thinking of giving out benefits to the babies! $BTC red envelope🧧🧧 let's go! Hurry up and grab the package for the New Year!
In the past week, Bitcoin and BNB have experienced significant volatility, and weekend trends are expected to be cautious. #加密市场反弹 $BTC $BNB
{future}(BNBUSDT)
Recent Market Conditions
· Bitcoin (BTC) · Recent Low: Dropped to approximately $60,353 on February 5 · Latest Rebound: Closed at approximately $69,514 on February 7 · Market Dynamics: This volatility is closely related to the unusually large trades of BlackRock's Bitcoin spot ETF and adjustments in institutional options strategies. · BNB · Recent Low: Dropped to approximately $603 on February 5 · Latest Rebound: Closed at approximately $652 on February 7 · Market Dynamics: The trend is highly synchronized with Bitcoin.
Weekend Trend Analysis Weekend trading volume typically decreases, and prices may fluctuate within a range. The market is digesting the sharp decline caused by the actions of traditional financial institutions this week, and sentiment is leaning towards caution. Close attention should be paid to the fund movements in the US stock market, as their influence on cryptocurrency prices through ETF channels is becoming increasingly significant.
Summary: The market is in a recovery phase after the sharp decline, and the weekend is likely to be dominated by consolidation, awaiting a new direction.
In the past week, Bitcoin and BNB have experienced significant volatility, and weekend trends are expected to be cautious. #加密市场反弹 $BTC $BNB
{future}(BNBUSDT)
Recent Market Conditions
· Bitcoin (BTC) · Recent Low: Dropped to approximately $60,353 on February 5 · Latest Rebound: Closed at approximately $69,514 on February 7 · Market Dynamics: This volatility is closely related to the unusually large trades of BlackRock's Bitcoin spot ETF and adjustments in institutional options strategies. · BNB · Recent Low: Dropped to approximately $603 on February 5 · Latest Rebound: Closed at approximately $652 on February 7 · Market Dynamics: The trend is highly synchronized with Bitcoin.
Weekend Trend Analysis Weekend trading volume typically decreases, and prices may fluctuate within a range. The market is digesting the sharp decline caused by the actions of traditional financial institutions this week, and sentiment is leaning towards caution. Close attention should be paid to the fund movements in the US stock market, as their influence on cryptocurrency prices through ETF channels is becoming increasingly significant.
Summary: The market is in a recovery phase after the sharp decline, and the weekend is likely to be dominated by consolidation, awaiting a new direction.
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