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February 7 Cryptocurrency Market Analysis & Strategy
• BTC 🪙: Current price approximately $68,458 USD, retraced from a high to a key support zone. $68,000 is the critical support today. Holding above this level could lead to a test of the $69,000 resistance level. A break below may lead to a retest of the $67,500 support.
• ETH ⚡️ (Ethereum): Current price around $2,050 USD, moving in tandem with BTC for a correction. $2,030 is the short-term support level, and $2,080 is the resistance level. Focus on a low-buying approach.
🎯 Bitcoin Strategy: Buy in batches at $68,000-$68,300, targeting $68,800-$69,200, with a stop loss at $67,800 (a decisive break below $68,000 turns the position into a short).
🎯 Ethereum Strategy: Light long positions at $2,030-$2,050, targeting $2,070-$2,090, with a stop loss at $2,010 (a break below $2,030 turns the position into a short).