📉 February 2026: Correction or Takeoff? The Battle of BTC in Technical Analysis ⚔️
Hello, #BinanceSquare! The beginning of February has brought us a dose of reality, with Bitcoin deflating after the rejection at $100,000. But, is this a warning sign or the opportunity we have been waiting for? 🤔
The charts speak, and this is what technical analysis reveals for this key month:
Bitcoin (BTC): At the Crossroads of $75,000
After a volatile January, BTC is positioned below $80,000, testing critical zones.
Key Support: The level of $74,500 - $75,000 is vital. A sustained break below could open the door to a retracement towards $70,000 or even $58,000. Watch for daily closes!
Resistance to Recover: $88,000 (our 20-month EMA) now acts as a wall. Reconquering this level would be a strong indication of recovery.
RSI: Remains neutral-weak (around 39), suggesting that selling pressure still has room before a possible capitulation.
Altcoins: Following the Shadow of the King
Ethereum and Solana are not strangers to this dynamic:
ETH: Watch the support at $2,300. If it holds, we could see an attempt to reconquer $2,950.
SOL: $165 is crucial. A loss could indicate a greater correction before targeting $210.
What else is influencing?
The interconnection with traditional markets is undeniable. The liquidation in precious metals has generated a domino effect that has splashed onto crypto.
The "Spring" of Wyckoff? Some analysts see this drop as a "spring" before a major bounce. If BTC closes the month above $85,000, the long-term bullish outlook would remain intact.
👉 Your turn: Do you think we will see an aggressive bounce in February or are we in for more consolidation? Share your analysis and key levels in the comments!
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