20260204 Market Analysis$BTC Bitcoin continues to weaken, unable to break above 793, repeatedly hitting new lows below. On the weekly K chart, it may need to test the EMA200 moving average, around 691. These days, the fluctuations are quite large. If you don’t understand the market, it’s better to stay calm. You can skip trading, but don’t cut your losses. From a technical perspective, multiple time frame bullish divergence suggests a potential rebound at any moment. There is also an unfilled CME gap above, but no one knows when it will be filled. Since the price has come down, it probably won’t rise quickly. The main bottom formation has not been completed yet, and at this price level, US spot ETFs and institutional investors are already holding unrealized losses, which could trigger some liquidations and a market crash. It’s better to wait until the market stabilizes and a clear trend emerges before entering. You can set limit orders at extreme levels, but be sure to control your position size!!!!$ETH Ethereum has failed to break above the moving averages for six consecutive days since January 12, entering a correction phase. It fell for three days straight, then moved sideways for 8 days in a consolidation before continuing a downward trend, like a waterfall. In the coming days, it might continue sideways before dropping again, as it has not yet shown divergence or bottomed out. Plus, many whales are facing liquidations, and the market makers might shake them out again.$SOL This wave of SOL has been relatively strong. While Bitcoin and Ethereum keep hitting new lows, SOL has not yet broken below its previous low of 95.5, but it also hasn’t managed to break new highs. On the one-hour chart, it also failed to break above the 52 moving average, indicating a potential deep correction and further decline. On the daily chart, the support levels are at 77.88 and 48. Recently, the market has been unpredictable and hard to forecast. I prefer to stay on the sidelines for now, preserving my capital first.