
                                    <div>
                                      <h3>Market View</h3>
                                      <p>BTC expected to drop, rebound, then weaken</p>
                                      <h3>Trading Strategy</h3>
                                      <p>Go long on a drop to 96,000 for a rebound; after the rebound, short with a target of 85,000</p>
                                      <h3>Core Logic</h3>
                                      <p><ol>
    <li>
108,000 is strong resistance, 96,000 is major support
    </li>
    <li>
if BTC fails to break 108,000 and drops to 96,000, a rebound is likely, but ultimately a drop to 85,000 and prolonged consolidation is expected
    </li>
</ol></p>
                                    </div>
                                    

图表为CME期货
108000区间是一个非常大的阻力
96000区间是一个较大的支撑
如果上不突破108000
反而快速跌至96000
我认为会有一波可观的反弹
之后下跌至85000区间进入漫长的横盘
#BTC

Twitter

The chart shows CME futures.
108,000 is a major resistance zone.
96,000 is a significant support area.
If BTC fails to break above 108,000 and instead quickly drops to 96,000, I expect a solid bounce.
After that, a move down to the 85,000 range could lead to a prolonged sideways phase.
#BTC

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another crash, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Bitwise CIO Jeff Park offers a new analytical framework from the perspective of options and hedging mechanisms.
...

The Black Swan Event Was Actually This: The Real Reason for the Recent Bitcoin Crash

Renowned crypto investor Jack Yi used Aave revolving lending to build a $2 billion ETH position, only to see it crumble during the market crash [...]
The article, "Yi Lihua Completely Sells Off ETH! Trend Research Sells 650,000 Ethereum in a Week, Losing $730 Million," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Yi Lihua completely liquidated his ETH holdings! Trend Research reportedly sold 650,000 Ethereum in a week, incurring a loss of $730 million before exiting the market.

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]