Gate Research Institute: ETH Deleveraging Suppresses Rebound | AI Agent Meme Partially Explodes
BTC (+2.32% | Current price 70,761.7 USDT)
BTC is still in the process of rebound and consolidation after a rapid deleveraging drop. Last week, it briefly dipped below $60,000 before gradually recovering and consolidating around $70,000; technically, the MA5 has again supported the price, the MA10 is exerting slight short-term resistance, and the MA30 is slowly rising as a consolidation center. This indicates that the bulls' recovery is effective but has not yet formed a clear trend continuation. The short-term direction still depends on the return of incremental funds or the realization of macro catalysts. The $70,000 mark is a key watershed. If it falls below and cannot rebound back above the MA30 to confirm a valid retest, the market is more likely to turn into a second retracement, with support levels at $68,000 and $65,000. In extreme cases, a revisit to the panic low of $60,000 cannot be ruled out.
ETH (+0.04% |
GateResearch·02-09 07:41
