In the past 24 hours, a total of 184,883 people worldwide have had their accounts liquidated, with a total liquidation amount of $1.036 billion. This is the largest single-day liquidation in two months! Although the overnight drop hit a new low, trading volume has gradually shrunk, indicating that the selling pressure from short sellers is decreasing as the price falls further, which is a potential signal of a reversal between bullish and bearish trends.
If the market doesn't break down further in the next two days, then market sentiment will stabilize. Regardless of how much the rebound will be, the next two days present an excellent opportunity to average down and break even, as well as a chance for those who are currently out of the market to boldly make their first purchase tonight. The safety level for the next two days is much higher than yesterday!
BTC
BTC's recent drop was quite sharp, breaking through the 89k support level and reaching a low of 87.7k. Currently, the daily chart shows a bottoming triangle pattern, seemingly indicating a successful bottom and an upward breakout. However, after the breakout, a sharp reversal occurred, breaking below the 90k level, signifying a failed bottoming attempt. The expectation is for a further drop below 80600 to create a new low. With no clear bullish structure and no suitable long positions, the strategy is primarily to sell on rallies.
Short-term resistance levels: 91600 and 93400. Consider shorting around these levels. Downside targets are 89000, 88000, and 86700.
The support level is in the 8.6-8.5 range. If this range holds, we will consider going long again. If it breaks down, we will continue to observe and wait for a bottoming signal.
ETH
ETH has broken below the lower boundary of this ascending triangle, which means it has broken the upward trend line that has lasted for many days. There is a high probability that it will rebound to the vicinity of this upward trend line, and then continue to fall again.
The price of ETH has now reached the starting point of the previous upward move, which is also near a support level, around the previous low of 2900. We should watch whether this level can hold.
The estimated high for the ETH rebound is around 3100. Once the rebound reaches this level, it will be a good opportunity to short ETH in the medium term. Be patient and wait. Currently, it's also possible to buy on the left side with a target of 3050. My ideal buying range is 2900-2850.
BCH
BCH appears to be in a Double Top pattern. From the perspective of volume and price, the trading volume of BCH's rise since April 2025 is significantly less than that of the rise in February and March 2024, indicating that the amount of funds participating in this rise has decreased significantly.
Although BCH experienced another surge in November 2025, breaking through the high point of September 2025, it quickly fell back after reaching the peak, indicating that buying pressure had dried up and momentum was weak.
Furthermore, the evening star pattern appeared during the pullback in the past few weeks, signaling a trend reversal. Taken together, the probability of a Double Top structure is still quite high.
memes
A stock with overflowing sentiment, featuring a few leading stocks, White House news hotspots, and sentiment overflowing from the departure of the two leaders, is most likely to be bought at around 500k. If it holds, it means the market recognizes the narrative.
Scanning the chain reveals the market; even with less than 100k, you can buy some lottery tickets. Watch the monitoring for jumps in popularity and high trading volume; immediately check the news on [website name] to see if there are any leading figures/KOLs (Key Opinion Leaders) involved. If so, invest directly.
RIVER
Rivers has clearly reached its peak and is unlikely to see another surge, but a trend reversal isn't necessarily imminent. Now is a good time to test the waters with a small, low-leverage short position, gradually adding to it. The biggest problem with short Rivers now is the exorbitant funding rate; it's close to 3% daily, short too costly!
ZAMA
ZAMA's public ICO started at 4 PM. You need to convert to USDT first. The starting price is 0.005, and the pre-market price is 0.065, so there's a chance to make a profit. It's still much lower than the expected price. For off-exchange ICOs, a price of around 0.03-0.04 is a good entry point. Tokens can be claimed on February 2nd!
I see that NFTs have risen to 0.02E each. NFT holders get a 5% bonus for participating in new NFT events. Those who participate in events worth 1000U or more might consider buying one.
Market conditions change rapidly; entry and exit points should be determined based on real-time market conditions. Follow the trend after a breakout! Regardless of your confidence level, strictly adhere to stop-loss and take-profit strategies! That's all for today! Follow me and you won't get lost! Every market crash is followed by a golden opportunity. If you're unsure about your future market strategy, follow Sweet Dream on WeChat: RFGH8689
