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February 4th Cryptocurrency Market Analysis & Strategy
• BTC 🪙: Current price approximately $75,900 USD, in a consolidation phase after a high-level pullback. The key support today is at $75,500. Holding this level may lead to an attempt to test the resistance at $76,500. A break below would retest the support at $75,000.
• ETH ⚡ (Ethereum): Current price approximately $2,250 USD, showing weak consolidation in tandem with BTC. Short-term support is at $2,230, with resistance at $2,300. Focus on low-buying strategies.
🔥 Bitcoin Strategy: Buy in batches at $75,500-$75,800, targeting $76,200-$76,600, with a stop loss at $75,300 (if it effectively breaks below $75,500, switch to short).
🔥 Ethereum Strategy: Light long positions at $2,230-$2,250, targeting $2,280-$2,310, with a stop loss at $2,210 (if it breaks below $2,230, switch to short).