Crypto Daily Report #加密市场观察 02.04(: Bitcoin Continues to Break Key Support Levels, BlackRock Increases Large Holdings of BTC/ETH, Bn Adjusts Leverage Trading Pairs

1. Bitcoin Price Fluctuations and Technical Analysis
1. Recently, Bitcoin prices have been continuously declining, breaking through key support levels at 75,000 USDT, 73,000 USDT, and others. Market sentiment is entering a downtrend. Technical indicators show short-term resistance concentrated in the 78,500-79,344 USDT range, with support levels at 74,295-76,244 USDT and other critical points.
2. Technical analysis indicates that Bitcoin is currently in a narrow range of oscillation, with rebounds lacking strength. A break above 80,000 USDT and key moving averages is needed to ease downward pressure. Meanwhile, stochastic indicators show oversold conditions but insufficient momentum.
3. Canadian company launches AI sentiment tracking app, analyzing multi-source data to provide bull/bear/hold indicators, assisting market sentiment monitoring.
2. Institutional Capital Flows
1. The world's largest asset management firm, BlackRock, continues to deposit large amounts of Bitcoin and Ethereum into Cb. This operation involves 1134.13 BTC (approximately $88.69 million) and 35,358 ETH (approximately $80.65 million), with plans for further deposits.
2. Such operations are part of institutional asset flow strategies, typically used to meet client redemption needs, manage liquidity, or execute large trades. They are conducted in batches to avoid market impact and reflect the routine behavior of institutionalized crypto markets.
3. Market Forecasts and Long-term Views
1. Short-term price forecasts show that after a 7% decline, Bitcoin may fluctuate between 69,500-79,500 USDT. Technical indicators still show downside risks, with potential further decline if falling below 69,000 USDT or triggering additional drops.
2. In the long term, Pantera Capital CEO Dan Morehead believes Bitcoin will "significantly" outperform gold over the next decade due to its fixed supply advantage in environments of fiat currency devaluation. Additionally, institutional exposure remains low, and regulatory improvements will drive long-term value.
3. Market participants call on long-term holders to remain steadfast in holding Bitcoin, believing the current market is in a bear market correction stage, similar to cycles in 2018 and 2022, potentially bottoming out within weeks.
4. Exchange Operational Adjustments
Bn will remove several leverage trading pairs at 14:00 on February 6, including full-margin pairs like KNC/BTC, COTI/BTC, and isolated-margin pairs like KNC/BTC, BAT/BTC, involving multiple currencies against BTC/ETH. The adjustment aims to optimize liquidity resource allocation, focusing on mainstream trading pairs to enhance user experience. This is a routine exchange operation optimization and does not affect spot trading of related tokens.