Old Lv from the crypto circle: Is this Bitcoin pullback completely bottomed out? Ethereum precisely grasped at over 2110.

CN
6 hours ago

Ethereum #Bitcoin #EthereumRealTimeAnalysis #BitcoinRealTimeAnalysis

Hello everyone, I am Lao Lv. The bullish outlook is not optimistic; Ethereum should be cautious of a downward correction! This was our reminder from yesterday. We anticipated all the harvesting operations of the market makers, and last night at 3 AM, Lao Lv was still internally reminding about the dual currency positions at 73333 and 2110 for a swing long. In fact, as early as the beginning of this month, we had already predicted the routine operations of the market makers. They continued to fake break below 74600, moving down to 73333. I didn't expect they would play even more tricks than I anticipated. The first wave of decline tested 74600, and last night continued to fake break, testing down to 72900 USD. If you were scared by such a trend and wanted to short at a low position, it means you didn't understand Lao Lv's previous articles at all. I have been in the speculative field for 16 years now. Back in 2010, we were struggling in the gold market, and at that time, we had no idea about the intentions of market makers or candlestick patterns; we learned everything through small losses. So, Lao Lv's little ability is nothing to envy. As long as you keep following Lao Lv's trading thoughts and analysis, you won't be far from mastering it. Let's take this opportunity to revisit the recent analysis thoughts together.

First, in the previous article, we established the major support levels for Bitcoin at 73333 and 74600 USD. Since this is at the weekly level, we cannot be certain which price will be tested, so to be safe, we provided the level at 73333. This is a weekly range, so we can only predict where it might drop to, not determine it clearly. However, Ethereum is different; the price we provided is very clear, which is around 2110. If you look at it now, can you feel Lao Lv's unique technical charm? This is not the main point; the main point is the reminder from yesterday's article. Because Ethereum has not reached 2110, it has formed a contrast in technical patterns with Bitcoin. Therefore, in yesterday's article, we fully expressed such concerns and provided reasons for this worry. Detailed and well-argued! We brought all possible scenarios into the article and used 77500 USD as the dividing line for the strength and weakness of the dual currencies. We used 77500 USD to distinguish the opening position for Ethereum. This section is very exciting; those interested can check it out.

Bitcoin, starting with a boast, is our old habit after so many years because we really have something! A friend once called Lao Lv a "shaman," which indeed makes sense. After all, analyzing is a thankless task; whoever loses will get scolded. Some even directly pointed out that analysis is analysis, and operation is operation. This statement hits the nail on the head and is spot on, with no flaws. But the reality is: the analysis is provided by me, and the operation is done by you. This leads to the situation where I give the same advice and analysis, and some lose while others gain. I remember a few days ago, I had a small argument with one of my members regarding the Bitcoin short at 84600, where we set a target drop of 3000-5000. On OKX, it peaked at 84596.8, and many other second-tier platforms actually exceeded 84600. She didn't get in, including the Ethereum short at 3070 we provided earlier, which peaked at 3068.34. From her perspective, she indeed missed the opportunity, while from my perspective, Lao Lv feels quite wronged. I believe that the entry points I provided across the network are excellent. I still don't know how to resolve this issue.

Today, I have talked a bit too much. The main reason is still the ongoing concern about price movements. The same old saying: still maintain concerns about the bulls; the road ahead is long and arduous. Today we mainly discuss two issues: one is how to handle the bottom Bitcoin support at 73333 and Ethereum at 2110. The second is where the high-pressure points are. First, regarding the Bitcoin bottom support at 73333, it seems to be holding effectively, but there are still concerns about whether it will test this position again. Therefore, we need to pay attention to today's bullish-bearish dividing line: 74500. It must not break this level; if it does, it will continue to test the 73333 level below. Currently, it has risen to around 77000, which is not a significant increase. This level of increase is not enough to support you in building a long position in the middle range again because the upward pattern is insufficient. Therefore, I suggest going long at 73333, directly setting a breakeven stop loss. If you have no position, continue to wait for 73333. If it doesn't reach 73333 again, have I missed out? This is a good question and one that many people who like to lose money often ask! As long as the upward pattern emerges, there will be plenty of opportunities to open long positions later, so don't rush. The concerns mentioned in yesterday's article were very clear. The upward journey is still long and arduous; such a strong decline won't lead to a big rise that quickly.

Strong upward pressure: 79668, just at 79300, is the starting point of the last major drop. This upward point perfectly coincides with 0.318. For this wave of decline to completely stop, it must break through the 79668 level. Remember this position, but as it stands, I believe the bulls won't rise that quickly. Before the 15th of this month, there will still be ups and downs struggling, so this remains our key short position.

Bitcoin short at 79300; if a large bullish candle appears and directly breaks through 79668 to above 80000, exit manually. The decline is expected to continue by 2000-3000 USD.

For Ethereum, we have predicted its potential for a downward correction in advance. Last night was very exciting; up to now, Lao Lv has not closed his eyes for 24 hours. The movements are too significant; I knew the market makers would pull a stunt like this at night. We stated very firmly that once Bitcoin breaks below 77500, Ethereum must undergo a correction to complete the weekly pattern and continue testing 2110 USD. I was waiting all night! At 3 AM, I was still reminding to open a swing long! Ultimately, hard work pays off; the long at 2110 peaked at 2344 USD, a rise of over 200 USD. Today's key focus is the dividing line position: 2180. If it doesn't break this level, the strength remains, and it will continue to push for higher highs. Therefore, my suggestion is to set a breakeven stop loss for the long at 2110 while also placing a long order at 2055 to guard against a false break. Currently, both dual currencies have dropped to the best support levels. Near this position, we definitely won't open a short at a low level. If 2110 doesn't break down significantly, the downside space will not open up.

Additionally, the strong pressure position: shift to around 2465, which is also a key short position. These two technical points overlap. One is the extremely weak breakdown at 2465, and the other is the starting point of a major drop on the hourly chart. Although we are bullish in the short term, I believe it won't rise strongly all at once but will continue to show strong fluctuations at the daily level. After all, the daily moving averages have not been completely taken over by the bulls, and short positions can still be opened. The 2465 position is similar to the Bitcoin 79668 position, being the first major barrier for a bullish reversal, and it won't be easy to break through all at once.

The default stop loss remains at 50.

Today: Written by Lao Lv on February 4, 2026, at 9:18 AM. Please note that all strategies are effective once and cannot be reused! Check the text version and specific entry prices in the lower right corner of the image or video.

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