🚨 MARKET UPDATE: BTC STRUGGLES AT $79K – RECOVERY OR TRAP? 🚨
Bitcoin ($BTC) showed a brief sign of life today, jumping 0.8% in early Asia trading and touching $79,100. However, the momentum seems to be stalling as traders remain cautious. Currently, BTC is trading around $78,190, struggling to find solid ground.
📊 Market Snapshot (Feb 3, 2026):
Bitcoin (BTC): $78,190 (+0.69%)
Ethereum (ETH): $2,280 (-0.14%)
Sentiment: Neutral to Cautious ⚖️
🔍 Key Levels to Watch:
Resistance: $79,500 - $80,500. A daily close above this is crucial for a bullish reversal.
Support: $75,000. If this level breaks, we could see a slide toward the $73k zone.
💡 Today's Insight:
While institutional flows are steady, the options market signals caution. Ethereum ($ETH) remains under heavy pressure, down nearly 53% from its 2025 highs. Traders should watch the DXY (US Dollar Index) as its strength continues to weigh on risk assets.
Strategy: Look for DCA (Dollar Cost Averaging) in fundamentally strong coins, but keep tight stop-losses for leverage trades! 🛡️
What’s your move today? Are you Buying the Dip or Waiting for $70k? Let's discuss! 👇
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