BTC/USDT
Markets have begun pricing in Kevin Warsh’s nomination for Fed chair as a potential hawkish monetary policy shift. Warsh’s lack of a clear commitment to interest rate cuts and his approach prioritizing long-term trends have made the existing disagreements within the Fed more visible. With limited progress expected in quantitative tightening, only measured interest rate cuts are likely in the second half of the year. On the geopolitical front, controlled contacts between the US and Iran and increased diplomatic traffic in Russia-Ukraine talks indicate that global risk perception has not completely disappeared, but that signs of easing are strengthening.
From a technical perspective, while the deep downtrend in BTC continues, it recently lost the 80,000 reference level, falling below this level for the first time since April. With the latest decline, BTC has been exhibiting highly volatile movements within the 75,000–80,000 range, with these levels emerging as key decision points for the price. Following the descending wedge pattern it formed, the price has fallen relentlessly from the 98,000 level, retreating to around 74,600, returning to pre-Trump levels. These levels stand out as previously tested ATH levels for the price, and a loss of these levels could cause the upward structure of BTC to disappear. From this point on, it will be monitored whether the price will bounce back above the 80,000 level with a dead cat bounce.
Technical indicators show that the sell signal given by the Wave Trend (WT) oscillator produced successful results in line with price movements. Currently, however, it is showing an indecisive picture in the oversold zone. The histogram on the Squeeze Momentum (SM) indicator is attempting to rebound with maximum momentum within the negative zone. The Kaufman Moving Average (KAMA) is currently trading above the price level at $78,460.
When examining liquidation data, the buying tiers resulted in complete liquidation in the short and medium term. The selling tier increased its intensity in the short term at 79,000 and in the medium term in the 85,000-86,000 band. In the long term, the intensity of positions continues above the 91,000 level.
In summary, the markets saw deep sell-offs following the nomination of Kevin Warsh as Fed chair candidate. Trump, who had maintained a dovish stance throughout the year, surprised the markets by nominating Kevin Warsh, known for his hawkish views. Looking at liquidity data, the recent decline completely cleared the buying levels in the short and medium term, while the selling level increased in intensity. Technically, BTC started the new year with positive momentum, but after testing the 98,000 level, it fell back to 74,600 levels under renewed selling pressure due to profit-taking. Following this movement, it closed all months after September in the red. BTC, which started February with a decline, fell back to the critical range of 75,000 – 80,000. While these levels stand out as a decision-making zone in terms of price, a rebound is expected to follow this stage, with BTC anticipated to regain the 80,000 level. Otherwise, with the price trading at these levels, the 75,000-reference level stands out as the price’s last area of support.
Supports: 75,000 – 73,500 – 71,000
Resistances: 78,000 – 80,000 – 81,000
ETH/USDT
The ETH price faced a sharp sell-off since Friday following the loss of the $2,727 support level, extending its decline to the $2,157 region. As this level is very close to the key $2,113 support, the market took a breather here, and the price is attempting to reclaim the $2,200 level with a slight rebound. The current pricing indicates that panic selling has subsided somewhat, but buyers have not yet established clear control. The market is still moving on fragile ground.
The sharp turn of the funding rate into negative territory in the futures market is noteworthy. This indicates a concentration of leveraged short positions and an overly pessimistic pricing of the market. In parallel, the Chaikin Money Flow (CMF) indicator remains in negative territory, revealing that liquidity outflows are continuing. As there is no strong inflow of funds on the spot side, attempts at an uptrend remain limited for now.
Pressure is very evident on the momentum front. The Relative Strength Index (RSI) is hovering in oversold territory. While these levels technically increase the likelihood of a bottom, it seems difficult to consider this a strong reversal signal without a clear recovery or upward momentum forming in the indicator. At this stage, the price is more in search of equilibrium.
The Ichimoku indicator continues to show a weak outlook. The price is still trading below the kumo cloud, and the Tenkan and Kijun levels have not been regained. This structure confirms that the main trend is still downward in the short term. If upward attempts occur, there is a risk of encountering renewed selling at technical resistance levels.
In the overall assessment, two critical thresholds stand out for the day. If the price holds above the $2,113 level, a rebound toward the $2,368 region, which is the 0.236 Fibonacci retracement level, could be seen. Such a move could provide short-term relief but would not completely eliminate the risk of a decline. Conversely, a break below the $2,113 level could trigger more aggressive selling and drag the price towards lower support levels. At this stage, the market remains in a risky zone.
Supports: 2,113 – 1,958 – 1,756
Resistances: 2,368 – 2,625 – 2,727
XRP/USDT
The XRP price remained under significant pressure throughout the weekend. Sales accelerated on Saturday with the loss of the $1.62 key support level, causing the price to experience a sharp pullback to the $1.50 level. Buying from this area slowed the decline somewhat, but it was not strong enough to reverse the trend. Currently trading around $1.58, XRP remains in a downtrend, with the market seeking equilibrium on fragile ground.
A notable divergence has emerged on the liquidity side. Despite the sharp decline in price, the Chaikin Money Flow (CMF) indicator has moved into positive territory and gained upward momentum, indicating that money is flowing back into the market. This suggests that investors are beginning to view current levels as an opportunity. However, liquidity inflows alone are not enough to reverse the trend, and the price needs to regain critical levels.
The momentum picture does not appear excessively weak. The Relative Strength Index (RSI) is moving sideways near the oversold zone. While this structure indicates that selling pressure remains strong, the fact that momentum has not completely collapsed keeps the possibility of a short-term bottom alive. To speak of a clear reversal, we need to see a significant upward recovery in the RSI.
On the technical side, the Ichimoku indicator maintains its weak outlook. The price is still trading below the kumo cloud, and the Tenkan and Kijun levels have not been regained. This confirms that the main trend remains downward in the short term. Even if upward attempts occur, these technical barriers may continue to act as resistance.
Two critical levels stand out in the broader picture. If the price breaks above $1.62 again during the day, upward momentum could accelerate and the short-term recovery scenario could strengthen. Conversely, a loss of the $1.50 support level could lead to a continuation of the downtrend and bring lower levels into focus. At this stage, the direction remains dependent on price reactions at these two levels.
Supports: 1.5024– 1.4119 – 1.2540
Resistances: 1.6224 – 1.7137 – 1.8181
SOL/USDT
SOL continued its pullback. The asset remained in the lower region of the downtrend that began on January 13, signaling continued selling pressure. Breaking below the strong support level of $112.26, the asset is currently testing the strong support level of $100.34. If it closes below this level, it could test the $92.92 level. If it rallies, it could test the downward trend line as resistance.
On the 4-hour chart, the 50 EMA (Exponential Moving Average – Blue Line) continues to be below the 200 EMA (Black Line). This indicates that a downtrend may begin in the medium term. At the same time, the price being below both moving averages shows that the asset is trending downward in the short term. The Chaikin Money Flow (CMF-20) has risen into positive territory. However, a decrease in money inflows could pull the CMF back into negative territory. The Relative Strength Index (RSI-14) has seen a slight rise from the oversold zone. This could trigger profit-taking, causing the price to react from this level. At the same time, it is testing the downward trend on January 28 as resistance. If it breaks this level, buying pressure may occur. In the event of an uptrend due to macroeconomic data or positive news related to the Solana ecosystem, the $120.24 level stands out as a strong resistance point. If this level is broken upwards, the uptrend is expected to continue. If there are pullbacks due to developments in the opposite direction or profit-taking, it may test the $87.23 level. If it falls back to these support levels, an increase in buying momentum could present a potential upside opportunity.
Supports: 100.34 – 92.82 – 87.23
Resistances: 112.26 – 120.24 – 127.21
DOGE/USDT
The DOGE price experienced a decline. The asset moved into the lower region of the downtrend that began on January 14 and deepened its decline. Testing the strong support level of $0.09962, the asset accelerated from there and showed a slight increase. Currently preparing to test the downward trend as resistance, the asset may test the 50 EMA (Blue Line) moving average as resistance if it breaks above this level. If the pullback continues, the $0.09451 level should be monitored.
On the 4-hour chart, the 50 EMA (Exponential Moving Average – Blue Line) remained below the 200 EMA (Black Line). This indicated that a medium-term downtrend was forming. The price being below both moving averages indicates that the price may be trending downward in the short term. Chaikin Money Flow (CMF-20) moved into positive territory. Additionally, a decrease in money inflows could pull the CMF into negative territory. The Relative Strength Index (RSI-14) remained in the oversold zone. This could trigger profit-taking and lead to an upward movement. At the same time, it crossed into the upper zone of the downward trend that began on January 28, signaling that buying pressure could build. In the event of an uptrend driven by political developments, macroeconomic data, or positive news flow in the DOGE ecosystem, the $0.11391 level stands out as a strong resistance zone. Conversely, in the event of negative news flow, the $0.09071 level could be triggered. A decline to these levels could increase momentum and initiate a new wave of growth.
Supports: 0.09962 – 0.09451 – 0.09071
Resistances: 0.10442 – 0.10837 – 0.11391
TRX/USDT
Tron Inc. announced in a post this morning that it purchased 174,740 TRX at an average price of $0.29, bringing its total holdings to over 679.4 million TRX. The company stated in its announcement that it aims to further increase its Tron holdings to boost share value in the long term.
As of February 1, 2026, the total amount of TRX staked is 46,082,871,165, representing 48.65% of the circulating supply. Compared to the previous day, there has been an increase of approximately 0.05% in the amount staked. Meanwhile, the market value of TRX has reached $27 billion. Furthermore, a total of 2,655,983 TRX was burned yesterday, and a net 1,259,593 TRX was added to the circulating supply. This situation is leading to increased inflationary pressure on Tron.
Technically speaking, TRX closed yesterday evening at 0.2847 after a decline, retreated a little more in the morning hours, and is currently trading at 0.2835. Currently in the upper band of the bearish channel, TRX is priced above the 0.2820 support on the 4-hour chart. The Relative Strength Index (RSI) value is seen to be very close to the oversold zone at 33. In addition, the Chaikin Money Flow (CMF) indicator value is below zero at -0.04, indicating that money inflows continue to decline. The current picture points to selling pressure gaining strength and an increased likelihood of the price moving downward in the short term.
In light of all these indicators, TRX is expected to decline slightly towards the middle band of the channel in the first half of the day, given its current zone and CMF value. It may thus retest the 0.2820 support level. A candle close below the 0.2820 support could extend the decline, potentially testing the 0.2765 support level. If it fails to close below the 0.2820 support level and the CMF indicator also moves into positive territory, it may rise slightly with a possible buying reaction and test the 0.2890 resistance level. On the 4-hour chart, 0.2705 is an important support level, and as long as it remains above this level, the possibility of an upward movement is maintained. If this support is broken, selling pressure may increase.
Supports: 0.2820 – 0.2765 – 0.2705
Resistances: 0.2890 – 0.2950 – 0.3015
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