Gate Institute: Volatility and Recovery Lead the Market | Cathie Wood Increases Holdings in Crypto Concept Stocks
Cryptocurrency Market Overview
BTC (+2.32% | Current Price 70,761.7 USDT): BTC is in a phase of oscillation and recovery after a rapid deleveraging drop. Last week, it briefly dipped below $60,000 before rebounding and consolidating around $70,000; technically, MA5 has regained support, MA10 is exerting slight pressure, and MA30 is gradually rising, indicating an effective correction but an unconfirmed trend continuation. In the short term, it still depends on incremental capital or macro catalysts. $70,000 is a key watershed; if it falls below and a rebound fails to hold above MA30 and complete a retest, the market may shift to a secondary retracement. Support levels are sequentially at $68,000 and $65,000, with an extreme scenario of testing the panic low at $60,000 again.
ETH (+0.04% | Current Price 2,091.13 USDT): ETH rebounded from the $1,744 low to 2,100
GateResearch·02-09 07:31
