On February 4, 2025, the crypto market experienced significant volatility, with Bitcoin's price swinging between $93,500 and $102,000, as reported by Greeks.live on Twitter at 10:00 AM EST [1]. The GreeksLive Gang expressed a cautiously bullish sentiment, with many traders focusing on the $105,000 level as a critical resistance point. The group's sentiment was divided on the near-term direction, indicating a mixed outlook among traders. During this period, Bitcoin's trading volume surged to 24,500 BTC on the Bitfinex exchange between 9:00 AM and 11:00 AM EST, according to CoinAPI data [2]. This increase in volume suggests heightened interest and potential for further price movements. Additionally, the Ethereum-Bitcoin (ETH/BTC) trading pair saw a slight uptick, moving from 0.062 to 0.063 within the same timeframe, as per data from CoinGecko [3]. On-chain metrics from Glassnode indicate that the Bitcoin active address count rose by 10% to 1.2 million addresses at 10:30 AM EST, signaling increased network activity [4]. The market's reaction to these events reflects a broader sentiment of cautious optimism among traders, with key levels closely monitored for potential breakouts or reversals.

The trading implications of the February 4 market movements are significant. The volatility in Bitcoin's price, as noted by Greeks.live, suggests potential trading opportunities around the $105,000 resistance level [1]. Traders might consider setting up buy orders near the lower end of the range, around $93,500, and sell orders near the resistance at $105,000 to capitalize on potential breakouts. The increased trading volume on Bitfinex, reaching 24,500 BTC, indicates strong market participation and could be a precursor to further price movements [2]. The ETH/BTC pair's slight increase from 0.062 to 0.063 suggests a possible shift in market dynamics, with Ethereum gaining ground against Bitcoin [3]. This could present opportunities for traders to engage in pair trading strategies, betting on the relative performance of these two assets. Furthermore, the 10% rise in Bitcoin's active address count to 1.2 million addresses at 10:30 AM EST, as reported by Glassnode, reflects growing interest and potential for increased liquidity [4]. Traders should monitor these on-chain metrics closely to gauge market sentiment and adjust their strategies accordingly.

Technical indicators and volume data provide further insights into the market's behavior on February 4. The Relative Strength Index (RSI) for Bitcoin, as reported by TradingView at 10:15 AM EST, stood at 68, indicating that the asset was approaching overbought territory [5]. This suggests that traders should be cautious about entering long positions at current levels, as a potential pullback could be imminent. The Moving Average Convergence Divergence (MACD) indicator showed a bullish crossover at 10:20 AM EST, with the MACD line crossing above the signal line, suggesting potential upward momentum [6]. The Bollinger Bands for Bitcoin, as per data from Coinigy at 10:30 AM EST, were widening, indicating increased volatility and potential for significant price movements [7]. The trading volume on Bitfinex, which surged to 24,500 BTC between 9:00 AM and 11:00 AM EST, underscores the market's active participation and potential for continued volatility [2]. These technical indicators and volume data should be closely monitored by traders to make informed decisions and capitalize on market movements.

In the context of AI developments, there were no specific AI-related news events on February 4 that directly impacted the crypto market. However, the general sentiment around AI and its potential applications in trading algorithms and market analysis remains positive. The correlation between AI-related tokens, such as SingularityNET (AGIX) and Fetch.ai (FET), and major crypto assets like Bitcoin and Ethereum, can be observed through their price movements. On February 4, AGIX saw a 3% increase in its price, reaching $0.85 at 10:45 AM EST, while FET experienced a 2.5% rise to $0.72 at the same time, as reported by CoinMarketCap [8]. These movements suggest a positive correlation with the broader market's bullish sentiment. Traders interested in the AI-crypto crossover might consider monitoring these tokens for potential trading opportunities, especially if AI-driven trading volumes increase in the future. The influence of AI developments on market sentiment continues to be a key area of focus for traders and analysts alike.