🔥 Bitcoin warning on February 5th - has a bottom been created yet?
The series of Bitcoin warning articles from January 21st until now is nearing its conclusion, isn't it? Everything has matched 100%, many of you have made profits and avoided risks this time.
Congratulations to all of you who have followed me.
For those who haven't seen it, check it out below: Cảnh báo BTC
Today let's continue to look further. Let's analyze purely technically.
BTC has swept deep into the 71.8k – 72k range and then bounced up → this is a very strong liquidity area
• The drop to 72k is:
• fast drop
• long wick
• bounced back immediately
→ characteristic of a “stop hunt / bottom sweep”
RSI(6) ~ 17–20 → extremely oversold (very rare)
• RSI(12), RSI(24) both < 30 → oversold across the board
• Stochastic has created a bottom before the price and is starting to turn around
MACD is deeply negative but:
• Histogram is contracting
• Downward momentum is weakening
👉 This is the “selling fatigue” phase,
A SHORT-TERM BOTTOM around 71.8k – 72k HAS BEEN CREATED
👉 From a price action perspective: there is a high possibility that 72k is the short-term bottom (local bottom)
However, the long-term bottom has not been confirmed
🔥 advice to avoid risks for you:
BTC sideways / bouncing up to 75k–78k
then retest back to 72k–73k if it doesn't break down → long-term bottom is confirmed -->chúc mừng anh e
Long short during this phase is still very dangerous, so remember to set your stop-loss.
Spot is very good to enter now.
Wishing you all success
