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February 7 Afternoon Market Analysis
The afternoon trading session continued its strong upward momentum, with trading volume steadily supporting the bulls. Although there is a need for consolidation near the resistance zone in the short term, multiple indicators show that the bulls are still in the lead. Once key support levels stabilize effectively, the rebound momentum remains sufficient. After a volume breakout through resistance, the upward space will further open up. Overall, the strategy is to follow the trend and go long on dips.
Bitcoin (BTC)
Direction: Bullish
Entry: Around 69,200-70,000
Take Profit: Around 71,200-72,600
Ethereum (ETH)
Direction: Bullish
Entry: Around 2,045-2,070
Take Profit: Around 2,120-2,165
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