A sharp drop is often followed by a sharp rise; market trends are born from despair. Yesterday's long positions on the pullback resulted in significant losses. However, the recent dip to around 80900 and 2670 indicates a relatively large overall decline. In situations like these, it's crucial to remain calm. Market trends aren't rushed; they are born in despair, grow in doubt, mature in optimism, and die in euphoria. Currently, we face the psychological level of 80000 and the important previous daily support at 2620. Pessimism is pointless, and shorting is even more futile. Consider the extent of the altcoin drop; now is the time to establish medium- to long-term long positions for a rebound. Trading suggestions: Bitcoin: Long at around 81000-81500, target 83500-85000-87000; Ethereum: Long at around 2690-2710, target 2800-2860-2950.
Gu Jingci: Bitcoin/Ethereum dropped sharply on January 30th; watch for a bottoming out and rebound.
2026-01-30 02:28:36
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