$BTC $ETH Market analysis for the evening of February 1st: Currently, Bitcoin and Ethereum have ended the two-year bull market driven by the Federal Reserve and Trump since their peak in October last year. At present, the market is undergoing a correction at the high point of this bull cycle. Under the macroeconomic and geopolitical background, safe-haven assets led by gold are rising steadily. As the leaders in cryptocurrencies, Bitcoin and Ethereum's inherent safe-haven properties have remained sluggish amid this major safe-haven asset surge. As traders, under the influence of these large uncertain factors in the future, trading uncertainty becomes even harder to grasp.

Currently, for spot traders, Bitcoin below 80,000 is a good opportunity to accumulate. It is recommended to buy in batches below 80,000. Currently, it is advisable to wait and see on futures contracts. From a higher-level perspective, indicators show oversold conditions, and in such a declining market, it is no longer suitable to chase short positions. The larger timeframe has already formed a clear downtrend structure.

Ethereum's current market rhythm is basically aligned with Bitcoin. The only thing to note is that, historically, Ethereum tends to be much weaker than Bitcoin. For spot trading in Ethereum, the 2400-2100 range is a good buying opportunity. For futures, it is currently better to wait and see.

I personally caught this wave of shorting perfectly, achieving my expected profit. Shorting from 3120 down to 2525 and taking profit was a satisfying way to ring in the new year. If you're unsure about following the market trend, you can pay attention to my updates. I am a trader who started trading in 2018, accustomed to medium- and long-term trading and high-frequency trading. Turning 6000 yuan of capital into 30 times profit by 2025. Wishing everyone a profitable new year!