February 1st Bitcoin Market Analysis: Exercise caution when shorting, prevent false breakouts. Although an uptrend exists, a short-term correction is needed.

1) The current market is supported at the 20-day level and is in a dense area on the left side for a second bottom. Be aware that if the price cannot effectively and quickly decline from these lows, it may trigger a false breakout. Currently, short-term declines should be managed carefully, but the overall downtrend still exists.

2) The market is also in the zero zone at the 15-day level. Pay attention to the subsequent consolidation after low-level oscillations. Whether the market can rebound at the 15-day level depends on the consolidation and rest after the oscillations.

3) The current market is at the hourly level, positioned at point 1. It is currently facing resistance at the 15-minute level. If the price does not break through 79,600, watch for continued consolidation and potential decline after a bottoming phase. (This depends on the later low-level oscillations; understand that this area is part of a larger timeframe.) If the market continues to break upward, short-term consolidation will occur between 85,000 and 75,600.

4) The current market is at the 5-minute level, with resistance at the 15-minute level. Be aware that if the small-scale correction at the high level effectively breaks through 79,600, the upward trend may continue. Do not enter short positions easily at the high level; wait until the 5-minute correction completes before considering shorting again.

5) The current market is at the 5-minute level, with resistance at the 15-minute level. Be aware that if the small-scale correction at the high level effectively breaks through 79,600, the trend may continue upward. Do not rush into short positions at the high level; wait until the 5-minute correction finishes before resuming shorts. #比特币