The Bollinger Bands at the 4-hour level for Bitcoin are showing an upward opening pattern, with the EMA30 and EMA15 forming a golden cross providing support. Key price levels are as follows:
Support level: The short-term key support level is at 70800 USD, while the more critical long-term bull-bear boundary is between 68600-69000 USD.
Resistance level: The current 72000 USD has been broken, and the short-term resistance level can be focused on the 73000-75000 USD range.
WHY has a very small market capitalization but attracts a high level of popularity. The community remains active, with discussions remaining heated, and at the same time, large amounts of capital are quietly flowing in—indicating that there is money continuously absorbing chips at low levels. The price has been hovering around 0.0000120 for a long time, with fluctuations becoming extremely narrow and market sentiment being cautious. Low market capitalization varieties in an extremely low volume phase, combined with sustained attention, are often typical signals before a market rally. Once market sentiment is ignited, due to the limited circulation, buying power may quickly dominate, triggering a rapid price breakout upwards.
The Balance Game in Extreme Fear: How Far Are Bitcoin and Ethereum from a Recovery Phase?
The market is struggling to find balance amidst a chaotic macro environment and highly volatile prices. Each sharp price fluctuation is essentially a complex resonance of macroeconomics, capital flows, and market sentiment. After several consecutive days of intense selling, the cryptocurrency market showed signs of stabilization on February 4, attempting to find a brief balance in a highly uncertain external environment. As of the time of writing, the price of Bitcoin rebounded to around $75,800, with a 24-hour decline of 3.78%. At one point during the day, it dipped to $72,877, marking a new low since November 6, 2024.
Extreme fear spreads, Bitcoin loses 75,000: The crash is not over, is a rebound on the way?
The market's fear sentiment continues to spread, but perhaps hidden within this extreme fear atmosphere lies the key to a market rebound. Bitcoin broke through the important psychological threshold of 75,000 USD this morning, dipping to a low of 74,565 USD, marking a new recent price low. Ethereum's performance is even weaker, with its price having breached 2,200 USD, a decline of over 25% compared to previous highs. In the past 24 hours, the total amount of liquidations in the cryptocurrency contracts across the network reached 2.56 billion USD, affecting over 290,000 investors, with long positions accounting for 88% of the liquidations. The current market fear index has slightly risen to 18, still deeply entrenched in the 'extreme fear' zone.
Macroeconomic uncertainty suppresses risk appetite, and the crypto market continues to experience a volatile bottoming!
Under the dual pressure of macroeconomic and policy uncertainties, the cryptocurrency market has continued to experience a volatile bottoming trend. Over the weekend, the price of Bitcoin experienced significant fluctuations, briefly dipping to around 76000 USD. Although there was a subsequent technical rebound, the price fell back again after rising to 79500 USD. By Monday morning, the price of Bitcoin fell again, hitting a low of 75700 USD, almost giving back all of the previous rebound, and is currently maintaining a weak consolidation above 77000 USD.
The trend of Ethereum is similar, with the price rebounding after hitting a low of 2250 USD, but the rebound strength is weak. In the early hours of today, its price fell again, dipping to a low of 2230 USD, and then slightly rebounding to around 2300 USD, overall showing a low-level consolidation pattern.
After this round, a significant portion of the old and new players in the industry will have completed their transition. New players are entering, and some old players are exiting. The degree of cleansing in this cycle will exceed that of any previous cycle.
According to SoSoValue data, the cryptocurrency market continues its downward trend, with the decline narrowing. Among them, Ethereum (ETH) fell 6.15% in 24 hours, dropping below $2300. Bitcoin (BTC) fell 1.21%, dropping below $78,000. Only the SocialFi sector remains relatively strong, rising 0.58%. Within this sector, Toncoin (TON) rose 0.52% and Chiliz (CHZ) rose 4.02%.
In other sectors, the Layer2 sector fell 1.36% in 24 hours, but zkSync (ZK) surged 13.62%, and Zora (ZORA) rose 4.73%; the Meme sector fell 0.12%, within which MemeCore (M) remained relatively strong, rising 4.79%; the Layer1 sector fell 1.77%, and Canton Network (CC) rose 4.73% during the day; the DeFi sector fell 1.93%, but MYX Finance (MYX) rose 14.41% against the trend; the CeFi sector fell 2.24%, and Binance Coin (BNB) fell 2.49%; the PayFi sector fell 2.92%, while Ultima (ULTIMA) significantly climbed 19.93%. The cryptocurrency sector index reflecting historical market trends shows that the ssiSocialFi, ssiMeme, and ssiRWA indices rose by 1.20%, 1.14%, and 0.17%, respectively.
The crypto market faces dual pressures from macro and technical factors, with a single day evaporation of over $100 billion in market value!
Market sentiment oscillates between greed and fear, with every fluctuation in the candlestick chart reflecting changes in traders' mindsets. The past weekend saw a deep correction in the cryptocurrency market. According to data from the morning of February 1st, Beijing time, the price of Bitcoin once dipped to $78,130, breaking through the key level of $79,000, which also set a new low since April 2025. Meanwhile, other major cryptocurrencies such as Ethereum, SOL, and Dogecoin generally showed declines of over 10%.
The sharp drop in prices has led to a significant reduction of approximately $111 billion (about 771.6 billion RMB) in the total market value of global crypto assets in a short period, resulting in substantial losses for many investors. Statistics from CoinGlass show that in the past 24 hours, the number of investor accounts liquidated globally has exceeded 410,000, with a total liquidation amount reaching $2.529 billion (about 17.58 billion RMB).
BTC Stops Falling and Recovers, ETH Clearly Weakens: Key Interval Analysis in a Fluctuating Market!
Market Review: BTC quickly stopped falling and recovered, ETH shows obvious weakness in following the rise. Yesterday morning, Bitcoin found support around 81000 after a rapid decline, and then the downward momentum clearly slowed, with the price starting a technical rebound and rising steadily. The rebound peaked at 84500 (early this morning), and then the bullish momentum gradually weakened. Currently, the price is hovering around 84000 in a narrow range.
In contrast, Ethereum's overall performance is significantly weaker than Bitcoin. Although there was a rebound yesterday, the upward momentum is limited. Early this morning, the price briefly fell back to around 2640, then quickly surged to 2750, completing part of the decline recovery, but the sustainability of the rebound is insufficient, currently falling back again and maintaining a fluctuation around 2700, showing a weak trend.
January is coming to an end, and the market has undergone a reality check for the year 2026. After eight weeks of sideways fluctuations, a sudden 7% drop reversed market sentiment, leading to a loss of tens of billions of dollars in TOTAL market capitalization and pushing the market back into risk-off sentiment. Specifically, in less than 48 hours, the cryptocurrency market evaporated about 200 billion dollars, triggering the largest liquidation wave of 2026 so far, totaling approximately 1.8 billion dollars, of which 95% of the liquidations came from long positions. However, it was not just the cryptocurrency market that was hit hard. The entire U.S. market was affected, with the market capitalization of metals, cryptocurrencies, and stock markets evaporating over 5 trillion dollars, which analysts referred to as a once-in-a-decade upheaval.
Affected by large-scale sell-offs in the cryptocurrency market and exits of major whales, the price of Dogecoin has fallen to $0.115
After a brief rise on Monday, Dogecoin faced a significant reversal this week. This meme-based cryptocurrency peaked on Tuesday, then began a sharp decline that continued until Thursday. On Wednesday, the price of Dogecoin briefly reached a high of $0.127, followed by profit-taking that led to a price drop. As of the time of writing, the trading price of Dogecoin is $0.1151, down 7.74% in the past 24 hours. This cryptocurrency is showing a downward trend across all major timeframes, including hourly, daily, and weekly charts.
Mass liquidations hit the cryptocurrency futures market
Cryptocurrency market 'black night': 220,000 people liquidated, why did Bitcoin and Ethereum suddenly crash?
In the early morning hours, the cryptocurrency market experienced a significant downturn. Bitcoin's price dropped more than 5%, falling below $85,000, with a low of $84,425; Ethereum's decline was close to 7%, breaking below the key level of $2,800. This market fluctuation led to more than 220,000 investors being liquidated, involving a total amount of about $1.014 billion (approximately 7.05 billion RMB). Market panic spreads, with major cryptocurrencies such as SOL and Dogecoin falling over 6%, and the overall cryptocurrency market value dropping below $3 trillion at one point. This decline was triggered by multiple negative factors, with the hawkish signals released by the Federal Reserve becoming the key catalyst.
Is Dogecoin's Consolidation About to End? Is a Parabolic Rise or Plunge Next?
As the market rebounds from recent lows, Dogecoin (DOGE) is attempting to turn key areas back into support. Some analysts suggest that the cryptocurrency may be replaying its past trends, which could lead to significant volatility in the coming months. Dogecoin Reemerges in Parabolic Climb The largest market cap meme coin Dogecoin has been trading between $0.119 and $0.151 over the past month, reaching a one-month high of $0.156 during the rally in early January. Dogecoin retested the range low over the weekend, bouncing back 5% after finding support in the key $0.119-$0.120 region, close to current levels. The cryptocurrency is currently trying to return to the $0.1250 area to continue its rebound.
Why do BTC and ETH fall into turbulence again after the collapse of interest rate cut expectations? Key variables are approaching!
As of January 29, 2026, at 14:00, both Bitcoin (BTC) and Ethereum (ETH), the two major mainstream cryptocurrencies, have shown a pattern of rising and then falling, fluctuating downwards. After experiencing two rounds of ups and downs last night, Bitcoin is currently hovering around $88,200; Ethereum's movement basically follows Bitcoin's, failing to form an independent trend, with a current price of about $2,950.
Summary and outlook of macro news (1) Main bearish factors The Federal Reserve's hawkish stance suppresses market sentiment. In the early hours of January 28, the Federal Open Market Committee (FOMC) decided to maintain the federal funds rate in the range of 3.5%-3.75% and did not signal any interest rate cuts, leading to a failure of the market's previous expectations for easing policies. This statement directly suppressed the willingness to allocate risk assets, and with cryptocurrencies being highly volatile, the momentum for capital inflows has noticeably weakened.
ADA has performed relatively weakly in this cycle, with the peak only reaching 40% of the previous cycle's high, and the price has already approached the previous cycle's low in the early stages of this bear market. Therefore, it is highly likely that the bottom of this bear market will be lower than the bottom of the previous bear market.
ADA may continue to decline along the cyclical channel shown in the chart and may test the lower edge of the channel when Bitcoin finds its bottom at the end of this year, with a target range possibly between 0.08 and 0.1.
Dogecoin price faces further decline, on-chain indicators issue warnings against buying?
Dogecoin has dropped by 0.27% in the past 24 hours, with a trading price of about $0.1219 at the time of writing. On-chain data shows that Dogecoin investors should exercise caution before building positions.
Historical context reveals the risks of entering the market too early. The last major recession in October 2023 caused profitability indicators to drop to 44.88%, far below current levels. This gap indicates that the market has not yet reached a true collapse point. The 'Coin Days Destroyed' (CDD) indicator adds a layer of concern for potential buyers. This indicator tracks the movement of tokens held for the long term, revealing when seasoned holders sell their positions. In June 2023, the CDD indicator saw a significant spike, coinciding with the bear market's low point. Current data shows that no similar selling events have occurred in this bear market cycle.