February 1 Market Analysis:

From a daily perspective, the price has been continuously declining since January 29, showing significant characteristics of a bearish trend. Although there was a slight rebound on February 1, the overall situation still remains weak. In the 4-hour cycle, after the previous large bearish candle retracement, there has been a weak recovery accompanied by small bullish candles, and the current K-line is in a consolidation phase; in the MACD indicator, both the DIF and DEA lines are running below the 0 axis, and continue to diverge downwards, clearly indicating a bearish dominant pattern.

Layout Strategy:

First Tier: Short positions at the 79500-79000 range on highs, targeting 77700-75000.

Second Tier: Short positions at the 2480-2450 range on highs, targeting 2330-2230.

Follow Ming Ge, who doesn’t boast or make empty promises, but shares practical experiences that can help one survive in the industry. Ming Ge will guide you through the investment fog; brothers and sisters who want to turn things around, let’s get on board and work together! #ETH走势分析