Introduction

Hi all, welcome back to this week’s market analysis for February 2nd, 2026. The cryptocurrency market has entered a post-dump ranging phase following last week’s breakdowns, with major assets consolidating at lower levels amid reduced volatility and awaiting macro catalysts. This report compares this week’s performance to last week’s predictions, updates key market metrics, and provides actionable trading insights for TOTAL, TOTAL3, BTC.D, BTC, ETH, and SOL, alongside relevant macro-economic events.

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Key Takeaways

• Total Market Cap (TOTAL): Trading at $2.59T, ranging between $2.5T support and $2.8T resistance after the anticipated breakdown.
• Altcoin Market (TOTAL3): Consolidated around $750B, in a post-dump range of $700B-$800B with neutral structure.
• Bitcoin Dominance (BTC.D): Stabilized at 60.2%, showing minor pullback but maintaining upward bias.
• Bitcoin (BTC): Ranging between $75K support and $82K resistance, with low volume consolidation post-dump.
• Ethereum (ETH): In a tight range from $2.2K to $2.5K, testing lower bounds with potential for accumulation.
• Solana (SOL): Ranging $95-$110, showing early signs of bottom formation after breakdown.
• Macro Events: JOLTS Job Openings (Feb 3), Initial Jobless Claims (Feb 5), NFP and Unemployment Rates (Feb 6).
• Overall Expectation: Neutral consolidation in post-dump ranges; macro data could spark directional moves, with upside potential on weak labor numbers.

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TOTAL Market Cap Analysis

The TOTAL market cap has entered a post-dump ranging phase, trading sideways between $2.5T support and $2.8T resistance after breaking below the $2.95T level. Volume remains low, with price action showing indecisive candles and no clear directional bias. This consolidation follows the bearish breakdown, allowing for potential accumulation before the next move.

Comparison to Last Week: Last week’s bearish predictions materialized with the breakdown below $2.95T support, leading to new lows around $2.5T as anticipated. The wick from January 21st was swept, confirming the downside momentum before range formation.

Trading Insight:

• Bullish Case: Range support at $2.5T holds with increasing buy volume, leading to a push toward $2.8T resistance and potential breakout.
• Bearish Case: Failure at $2.5T with high sell volume, targeting further downside to $2.3T.
• Strategy: Trade the range bounds with tight stops; long at support with confirmation, short at resistance on rejection. Monitor macro for catalysts.

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TOTAL3 (Altcoin Market Cap) Analysis

TOTAL3 has stabilized in a post-dump range between $700B support and $800B resistance, trading around $750B with neutral structure. Altcoins show mixed performance, but overall volume is subdued, indicating a period of consolidation after the breakdown from the previous 830B-910B range.

Comparison to Last Week: The bearish case played out with a breakdown below 830B, reaching toward 800B-810B lows before ranging lower as predicted.

Trading Insight:

• Bullish Case: Support at $700B attracts buyers, forming higher lows toward $800B resistance.
• Bearish Case: Breakdown below $700B, extending to $650B.
• Strategy: Focus on range trading; accumulate selective alts at lower bounds if BTC.D softens.

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Bitcoin Dominance (BTC.D) Analysis

Bitcoin dominance has pulled back slightly to 60.2% but remains in an upward channel since January 7th, reflecting continued altcoin underperformance during the dump. Minor consolidation suggests potential for rotation if macro supports risk-on.

Comparison to Last Week: Dominance rose from 59.69% as expected in the bearish case for alts, peaking near 61% before minor retrace.

Trading Insight:

• Bullish Case for Altcoins: Dominance breaks below 60% with bearish structure, signaling capital rotation.
• Bearish Case for Altcoins: Push above 61%, grinding toward 62%+.
• Strategy: Watch for dominance breakdowns as alt entry signals; maintain caution on alts until confirmed.

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Bitcoin (BTC) Analysis

BTC is consolidating in a post-dump range between $75K support and $82K resistance, with low volume and indecisive price action. The dump swept below 88K as predicted, finding temporary bottom before ranging.

Comparison to Last Week: The bearish case dominated with breakdown below 88K, reaching toward 84K-86K before consolidation.

Trading Insight:

• Bullish Case: Support at $75K holds, building momentum toward $82K resistance.
• Bearish Case: Breakdown below $75K, targeting $70K.
• Strategy: Range trade with bias toward longs on support if macro weakens; short rejections at resistance.

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Ethereum (ETH) Analysis

ETH has entered a tight post-dump range from $2.2K support to $2.5K resistance, trading near the lower end with signs of stabilization. The breakdown from the previous range materialized, but volume suggests potential exhaustion.

Comparison to Last Week: Bearish predictions held with drop below 3K toward 2.6K-2.7K before ranging lower.

Trading Insight:

• Bullish Case: Accumulation at $2.2K leads to push above $2.5K.
• Bearish Case: Break below $2.2K, extending to $2K.
• Strategy: Long dips at support with tight stops; avoid until macro clarity.

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Solana (SOL) Analysis

SOL is ranging post-dump between $95 support and $110 resistance, showing early higher lows but overall neutral bias. The breakdown from 125 swept toward 110-120 as expected.

Comparison to Last Week: Bearish case confirmed with drop to 110-120 zone before consolidation.

Trading Insight:

• Bullish Case: Higher lows confirm at $95, targeting $110.
• Bearish Case: Break below $95, toward $85.
• Strategy: Trade range bounds; long support with volume confirmation.

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Macro-Economic Events This Week

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Overall Expectation

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Conclusion