During the live broadcast of Three Kingdoms College, a temporary bottom appeared and BTC's explosive rise began?

Click on the link to join the meeting directly: https://meeting.tencent.com/p/7890471408 [1. Bitcoin intraday analysis] 1. Price trends and key positions - Current price: approximately $70200, with a 24-hour drop of approximately 1.5% and a 7-day drop of approximately 10.75%; - Key support level: $69000 (BTC whale position realization price), if it falls below this level, it may further drop to $65000; - Key resistance level: $71000-72000 range, if it can be effectively broken through, it may open a new round of upward trend; - Technical form: The daily level shows a fluctuating downward trend, but there are signs of stabilization at the 4-hour level; 2. Market dynamics and institutional trends Changes in institutional holdings: BlackRock deposited $247 million worth of Bitcoin and Ethereum into Coinbase Prime, while Micro Strategy increased its holdings of 1142 BTC (worth $90 million). Corporate holdings continue to expand; - Explosive situation: In the past 24 hours, the total amount of explosive positions on the internet reached 288 million US dollars, with both long and short positions exploding, indicating that the market is still experiencing severe fluctuations; - Capital flow: The US Bitcoin spot ETF has recently experienced a net outflow, with a net outflow of $434.1 million on February 5th, reflecting insufficient marginal buying on the institutional allocation side; [2. Ethereum intraday analysis] 1. Price trends and key positions - Current price: Approximately $2085, down 5.00% for the day, falling below the key psychological barrier of $2000; - Key support level: 1900-2000 US dollars range (overlapping area of historical demand and liquidation risk), if it falls below, it may drop to 1800 US dollars; - Key resistance level: between 2150-2200 US dollars, if it can be broken through, it may reverse the short-term downward trend; - Technical indicators: The MVRV Z-Score indicator has fallen to -0.42, entering the surrender zone of the market, but the intensity is not as strong as the bear market bottoms of 2018 and 2022; 2. Market dynamics and institutional trends Institutional increase in holdings: BitMine has increased its holdings of 40613 ETH (approximately $82 million) in the past week, with a total holdings of 4325738 ETH (accounting for 3.58% of the total supply); - Pledge situation: More than 30% of the Ethereum supply has been pledged, and the exchange reserves have decreased to about 16.2 million ETH, with liquidity tightening; - Liquidation situation: The Ethereum market experienced a liquidation amount of approximately $198 million (multiple orders), with a total liquidation amount of $288 million; On chain data: The number of active addresses on Ethereum has reached a historic high, indicating a continuous increase in network engagement; Join the Three Kingdoms College Exchange Group to receive more services: 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Official QQ group: 579358784 Tencent Meeting ID: 789-047-1408 Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.