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Gate Square | 2/5 Today's Hot Topic: #BuyTheDipOrWaitNow?
🎁 [Community Perk] Post with the topic or #BTC, 10 lucky users * $100 position Voucher.
Market volatility continues as BTC breaks below the $74,000 key support level, with altcoins pulling back in sync. Are you buying the dip in batches or waiting for a better entry point?
💬 Today’s Discussion:
1️⃣ Bottom Signals: Where do you see BTC’s bottom — $70,000 or lower?
2️⃣ Market Drivers: Which recent macroeconomic news or rumors are influencing the market?
3️⃣ Dark Horses: Are there any resilient or outperforming tokens worth watching?
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Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
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https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
![Spring Festival merchandise](https://exampl
Thursday🗓️ "February 5th" Evening Benefits
The current market for Bitcoin (BTC) and Ethereum (ETH) remains in a volatile and slightly bullish pattern.
Technical signals:
Bitcoin (BTC): The candlestick closed slightly positive, indicating a brief balance between bulls and bears. The MACD indicator is showing a death cross below the zero line, with shrinking green bars, suggesting weakening bearish momentum. The RSI indicator is approaching the overbought zone, indicating a short-term technical rebound. The KDJ indicator's J value is low, leaving room for a rebound correction. Support levels are at 70,000-70,500.
Bitcoin🫓BTC 70,000-70,500 long, target 71,500-72,000. After breaking through, watch for 72,500-73,000.
Ethereum (ETH): Closed with a small positive candle, with price fluctuating narrowly, showing a bullish engulfing pattern, indicating a possible market rebound. The daily Bollinger Bands are narrowing, with the price below the middle band, reflecting neutral market sentiment. Support levels are at 2,050-2,060.
Ethereum ETH 2,050-2,080 long, target 2,100-2,150. After breaking through, watch for 2,200-2,250.
For real-time market data and precise levels, please refer to Ziqing's live trading tips.