February 4th Market Outlook for Major Coins

After a sharp decline in the early morning, the rebound faced resistance around 77,000. The current market is mainly a technical oversold correction, lacking substantial momentum support. The positive news in the evening only temporarily eased market sentiment and is unlikely to change the core pattern of macro pressure and market weakness.
From a technical perspective, the daily chart shows a long lower shadow bearish candle, indicating that selling pressure remains dominant. The rebound has been characterized by weak volume, typical of a resistance rally within a bearish trend, with a clear correction attribute.
The market has entered a bear cycle; 73,000 is not the bottom of this phase, and bottom-fishing carries high risk. Trading strategies should focus on shorting during rebounds at higher levels, following the trend, and avoiding contrarian trades to mitigate risk.

Major Coin Trading Suggestion: Short near 76,900-77,600 on rebounds, targeting 75,500-73,000. If broken, continue to look lower.