The Bitcoin market is currently in a state of high alert, with weekly closing data showing that the situation is not optimistic. As we enter February, market risk signals have clearly intensified, and investors holding full positions or high-leverage long positions need to respond with caution.

In the past month, Bitcoin has shown a typical false breakout followed by a high position pullback, while market funds continue to flow out, leading to a significant drop in the total market value across the network, which has fallen below the 3.3 trillion mark.

This week is packed with key macro events: On Tuesday, the Bank of Japan will announce its interest rate decision, with the market focused on potential rate hike risks; at 2 AM on Thursday, the Federal Reserve will release its interest rate decision, while domestic protests in the United States may add to the uncertainty. Following that, at 2:30 AM, Powell will speak, and whether his stance is hawkish or dovish will directly impact market direction.

Another important time point is July 8, when the 90-day tariff suspension policy introduced by Trump will expire. The market may repeat the deep adjustment trend seen between June and August last year, and a real recovery might only be realized after the Federal Reserve's interest rate cut policy becomes clear in September.