🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
Only 1 day left! Your favorite creator is one vote away from TOP 10. Interact on Square to earn Votes—boost them and enter the prize draw. Prizes: iPhone 16 Pro Max, Golden Bull sculpture, Futures Vouchers!
Details 👉 https://www.gate.com/activities/community-vote
1️⃣ #Show My Alpha Points# | Share your Alpha points & gains
Post your
Analysis of the market trends of Bitcoin and Ethereum on February 6th:
BTC
• Current price: Currently BTC is around 96,000.
• Short-term trend: The overall market is in the consolidation stage of the bull medium-term. Structurally, it may find support near 96,000, but the stop loss at this position is quite far. In terms of time and amplitude, the consolidation is not yet in place, and there may be a further decline to confirm the true low point. Pulling back to around 93,000 may be a better entry point for long positions.
• Potential influencing factors: On February 6th, the Berachain mainnet launched, which may attract some high-risk preference funds to shift from BTC to the emerging public chain ecosystem, creating short-term funding pressure on BTC. However, BTC, as the "digital gold", is predominantly influenced by macro factors such as the Federal Reserve policy, ETF fund inflows, etc. The impact of Berachain is more local and indirect.
Ethereum
• Current price: According to BOSS Wallet data, as of February 5, 2025, the latest price of Ethereum is $2776.79.
• Short-term trend: Within 24 hours on February 5th, the price rose by 4.331%. Some analysts believe that if it breaks through the resistance at $2922, it may challenge $3181; if it fails to break through, it may consolidate between $2600 and $2900.
• Potential impact factors: The launch of the Berachain mainnet has a greater direct impact on Ethereum. Its unique liquidity proof mechanism and ecological design may attract DeFi projects and liquidity providers in the Ethereum ecosystem to migrate, diverting the total locked value of Ethereum, and forcing Ethereum to further optimize its incentive mechanism or DeFi protocol design.