The strategy increased the position by purchasing 20,356 Bitcoins at an average price of $97,514, costing about $2 billion. The market continues to decline, and if it breaks the support level that has been tested multiple times around $95,000, it will seek liquidity downward.

During the day, the stablecoin digital bank Infini platform was attacked, resulting in a loss of approximately $49.5 million. The attacker has converted all funds into 17,696 ETH, which has dropped by 4.7%.

U.S. stock indices continue to open lower, with the Nasdaq down 1% at the opening and the S&P 500 down 0.5%. Therefore, the gentleman has been paying close attention to the impact of U.S. stocks and their correlation with BTC. Since the $1.5 billion theft from Bybit on the 21st, and today’s $50 million theft from Infini, along with the high volatility in U.S. stocks that has been unable to break through, a rapid correction is likely. Caution is still advised; a gentleman does not stand under a dangerous wall.

Bitcoin

Since hitting a high of $110,000 and oscillating for half a month, there has been a pin drop on the 2nd/3rd, followed by nearly 20 days of narrow oscillation. The key resistance above has not been reclaimed, indicating a weak performance.

In the short term, the daily line still looks at the support in the $91,000 pin drop range, and it is even possible to hit the stop loss at $89,256 to seek liquidity rebound. Then we will see the possibility of a rebound failing to break through the resistance between $100,000 and $102,456, leading to further declines. The MACD has returned to the zero axis, and the daily line is testing the MA120 support, with MA20 and MA60 crossing. If this level cannot hold, a large bearish candle may occur, so be cautious.

Support: Resistance:

Ethereum

The rebound a couple of days ago was slightly stronger, but today it has all dropped back. There is a clear support line on the 4-hour level, which is also the Fibonacci 0.382 support tested on January 31. If it breaks, there is a chance to drop to around $2,500, or even more to $2,250—$2,350. It’s still best to go with the trend; currently, it is all bearish.

Support: Resistance:

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The article is time-sensitive and for reference only, updated in real-time.

Focusing on K-line technical research, sharing global investment opportunities. Public account: Trading Gentleman Fusu

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