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February 5 Morning Market Analysis
The weak market trend continued in the early trading session. After the price broke below the key moving averages yesterday, the bearish trend led the market to continue downward. All technical indicators are showing weakness, with volume increasing during the decline phase, and selling pressure continues to be released; if the short-term price cannot strongly recover the 2200 level, the downward trend will further persist, continuing to test lower support levels.
Bitcoin
Resistance Range: 73500-74200
Downward Testing Target: 72200-71000
Ethereum
Resistance Range: 2165-2190
Downward Testing Target: 2120-2075