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- Welcome Kevin_Lee to the Gate Square! 🎉
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BTC today's market analysis on February 8th:
The current price of BTC is around $965, and the market surged and fell yesterday. We also opened a short position during this process, and the short position is still held without taking profit. Overall, the medium and long-term direction of BTC is clear, and it is still a bull market in 2025.
Although starting to fall from $102,456, forming a oscillating structure (central axis), yesterday's non-farm data was announced, and the market surged to around $100,000, but did not stabilize at the top of the central axis. The price fell again within the oscillating central axis. The next market trend will probably break through. $911 may not be the bottom, and it may come to a trend starting with 8.
The market is constantly changing, and the analysis is for reference only. Please pay attention to the risks!