February 7, 2024, pie market observation #BTC!

Today, the market fluctuated within the range of 43314.9-42763.4 US dollars, with an amplitude of only 1%, and the amplitude narrowed.

This is consistent with the second situation we analyzed yesterday, that is, it failed to break through and stabilize the pressure level of $43,333, and $43,111 failed to support the downward shock.

The key points for the market outlook are:

1. Whether the US$43,111 will stand firm to form a new Support;

2. Whether it can effectively break through the pressure levels of $43,333 and $43,666.

The Spring Festival is approaching, and the market direction may be clarified during the holiday.

We believe that standing at $43,111 can become a new support, and the possibility of starting an upward trend is high.

However, it is difficult to draw a conclusion on the current situation, and it is necessary to continue to observe changes in decision-making indicators.

We will focus on monitoring the market outlook and share new insights with you as soon as possible.

Investors are requested to maintain a rational and prudent attitude.