February 2 Bitcoin Market Outlook

From a higher-level structure, the market is still operating within a oscillating downward channel, with no signs of trend reversal.
Returning to technical analysis, Bitcoin has firmly established a weak pattern: MACD continues to diverge downward, with bearish volume constantly releasing; RSI is weakening simultaneously, and rebounds appear weak, with each rally serving as a trap rather than a reversal. Under this structure, the downward trend is highly persistent, so avoid contrarian trades and market fighting.
In the short term, focus on the support zone of 75,000-76,000. Once this support is effectively broken, the downward space will open directly, and the price is likely to test the 70,000 level.
In one sentence: now is not the time to bottom fish, but to follow the trend — short positions on SDT perpetual contracts are a more stable choice. Do not seek short-term excitement, only aim for steady survival, and patiently wait for the next market opportunity.

Bitcoin Trading Suggestion: Rebound near 78,000-78,800, then look down to 76,000-74,500. If broken, continue to the downside.