2.9

Key Events This Week:
February 10th: The White House will hold a stablecoin yield discussion meeting again next Tuesday;
February 11th: The US will release January non-farm payroll data at 21:30; market expects 70,000 new jobs and an unemployment rate of 4.4%
February 13th: At 21:30, January CPI data will be released; core CPI growth is expected to drop to the lowest since early 2021

BTC
The market pressure remains high, liquidity has not recovered. The recent decline was significant but did not show obvious bearish signals. This situation is the most concerning because, without a clear reason, volatility in risk markets continues to stay elevated, and other systemic strategies may also reduce exposure. After a sharp pullback last week, the current order book is experiencing a rebound after being oversold. This level will likely see a period of consolidation, and intra-day, attention should be paid to whether the 4-hour chart can break above the zero line and surpass the 71,600 level. If it cannot, it will continue to oscillate below 71,600. The upward momentum at this level will not be strong because the focus is on repairing indicators here. Once repaired, another downward move may follow. In summary, intra-day trading will mainly be range-bound. If it breaks above 71,600, it may move around 74,500; if it fails to break through, a second test will occur, with support at 68,000-62,900 and resistance at 71,600-74,500.

ETH
Ethereum's outlook is similar to Bitcoin. Currently, the 4-hour chart also faces resistance, and it’s important to see if it can break above the zero line. If it cannot, attention should be paid to a second test after the repair. In summary, intra-day focus should be on whether the 15-minute correction can continue, and whether the 2000 level can hold. If it cannot, the price may move again around 1850, with support at 2000-1945-1830 and resistance at 2114-2200.