February 2, 2024, pie market observation #BTC!💰

Today, the market price reached as high as US$43,430 and then fell back to close at US$42,512.7, with an intraday amplitude of 2%.

This move is in line with our previous judgment, and the price may fluctuate and escalate in the range of $43333-42444 to form a new structure. Although the highest point has exceeded $43,333, it has not effectively stood firm and the pressure level is still established.

From a technical perspective, a small-level rising structure of $43070-43006 has been formed, but the level of the rising structure is too small and the increase is limited.

We judge that the market will continue to fluctuate in the price range of 43333-42444 US dollars in the next two days, and may form a relatively complete mid-level rising structure.

Everyone, have a good rest over the weekend and we will continue to monitor market changes.

If a new structure is formed, it will be updated and shared as soon as possible.