🚨 BITCOIN IN STRONG CORRECTION MODE – TECHNICAL ANALYSIS FEB 4, 2026 🚨
BTC is around ~$72,000 - $73,500 USD (Binance spot: ~$73,067 right now, -4.2% 24h). It dropped to $72k today, liquidations everywhere and Fear & Greed at Extreme Fear (~14-17).
📉 Key technical:
RSI (14) oversold below 30 → possible short bounce if it holds.
MACD bearish, EMA50/100/200 broken down.
Critical support: $72,800 - $73,000 (if it breaks, next $68k-70k or worse).
Immediate resistance: $75k to attempt recovery to $80k.
It seems like a bearish extension (wave 3/5 lower?), head & shoulders activated and high correlation with tech stocks falling. Macro weighs (no crypto bailout, rates, etc.), but oversold + ETF outflows could give a dead-cat bounce.
Strategy:
Hodlers? Hunt dips below $73k with tight stop.
Traders? Short if it breaks $73k, long only if it strongly recovers $75k.
Is the bottom near or more blood? 🔥 The 4-year cycle mutated, but BTC always resurges. What do you think, guys? Are you selling in panic or accumulating? Comment below 👇
#Bitcoin #BTC #TrumpEndsShutdown #USIranStandoff #GoldSilverRebound
