Article editing time: February 2, 2026, 20:10. All opinions do not constitute any investment advice! For learning and communication purposes only.

Discipline hides infinite possibilities in life, and its depth also measures the height of life. Every step of deep cultivation has its own echo; the more disciplined one is, the farther they go. I am Fuzhu, deeply engaged in analyzing mainstream coin trends, breaking down market logic with professional accumulation, and providing pragmatic trading ideas.

Market Overview

Today, the global cryptocurrency market cap continues to shrink to about $2.8 trillion, with this round of market fluctuations starting early Sunday morning. Bitcoin was the first to plunge, breaking through support levels, and this morning it took another hit, dropping to around $74,500, causing many investors to panic and sell off. Fortunately, a slight rebound occurred afterward, but the rebound was weak, barely maintaining above $77,000. Ethereum's drop was more severe, hitting a low of around $2,150 this morning, with the rebound strength weaker than Bitcoin, and it had not yet risen above $2,300 before publication. Other altcoins like SOL also suffered, plunging 8-10%. The Fear and Greed Index is heading straight for the "extreme fear" abyss at 14.

Fundamentals

Hawkish nominations have triggered panic over "liquidity tightening," and the U.S. government shutdown crisis has resurfaced. There are concerns about the impact on the U.S. economy, leading funds to flee the high-risk cryptocurrency market in search of safety.

Technical Analysis

BTC is currently consolidating around $77,900. BTC slid from above $80,000 to the $74,500 range, marking a new low since April 2025. The low liquidity sell-off over the weekend exacerbated this trend, with leveraged positions being liquidated amounting to $2 billion. This morning, it briefly touched a low of around $74,500 before rebounding back above the weekly support level. In the short term, we are looking at the support situation at the $76,000 level; if it effectively breaks down, it could drop to $70,000, while the upper support is seen at $82,000-$85,000.

Ethereum has dropped even more severely, falling 5.8% within 24 hours, with a cumulative decline of over 20% in a week, bringing the price down to $2,150. Institutions like Bitmine are facing $6.9 billion in unrealized losses, while trend research institutions have recently deposited a large amount of ETH into exchanges, indicating increased selling pressure. The daily level has broken below the lower Bollinger band, with bears in control, and the probability of breaking below $2,000 is increasing. If it effectively breaks below $2,000, it could drop to $1,800-$1,500.

For short-term contracts: BTC, if it does not break $80,000, take a light short position with a target of $78,000-$75,000. ETH, if it does not break $2,500, take a light short position with a target of $2,000. Avoid high leverage, and keep a close eye on unlocking events and Fed dynamics. (Remember to control contract positions within 10% and set stop-loss orders.)

Disclaimer: The above content is personal opinion, and the strategies are for reference only and should not be used as investment basis. Any risks taken are at your own discretion.

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