The technical indicators for Bitcoin are all weakening, with multiple timeframes showing a bearish arrangement. Negative news is intensifying market panic, and key support levels are facing tests. The rebound potential is limited, the trend is bearish, and it is recommended to hold a light position and observe.

With the recent sharp decline over the past two days, ETH has once again fallen below the 120-week moving average on a weekly basis, marking the entry into the second half of the bear market's decline range.

You can follow the official account Gu Jingci, which focuses on guidance and layout for mainstream coins.

Looking back at the cryptocurrency market in January, the trading fatigue and low sentiment faced by Bitcoin are concerning, but the potential changes from the Federal Reserve may ignite a spark of hope.

Stay calm in heart, untroubled by emotions. Only by strategizing from within can one achieve victory from afar. Among the vast waters, take only a ladle; take what you need, do not be greedy, do not seek conflict. Be flexible in giving and taking, and with steady control, you will secure victory.

Stay calm in heart, untroubled by emotions. Only by strategizing from within can one achieve victory from afar. Among the vast waters, take only a ladle; take what you need, do not be greedy, do not seek conflict. Be flexible in giving and taking, and with steady control, you will secure victory.

You can follow the official account Gu Jingci, which focuses on guidance and layout for mainstream coins.

The timing of the buyback, the stability of the ecosystem itself, how the buyback resonates with people, and even its coordination with more strategies will enhance the effectiveness of the buyback on the price of the coin.

Currently, the upward path cannot be clearly defined, and short-term fluctuations should still be treated as oscillations.

Bearish handling

You can follow the official account Gu Jingci, which focuses on guidance and layout for mainstream coins.

Vitalik adheres to the original intention of decentralization, with Ethereum centered on resisting authoritarianism and preserving freedom, not catering to trends, which demonstrates the confidence of a century-old foundation.