#BTC何时反弹？ Currently (February 5, 2026), Bitcoin (BTC) price is fluctuating sharply in the range of $68,000–$72,000, having touched around $66,000–$67,000 multiple times today (some sources indicate a low of about $66k), with a daily decline of over 5–7%, continuing the downward trend since the $80k+ peak at the end of January.

Why is it still falling?

- The last two weeks have seen almost a straight-line decline, lacking significant rebounds, mainly due to leveraged liquidations + risk aversion (geopolitical issues, economic uncertainty, weakness in US stocks/Nasdaq).

- Continuous outflows from spot ETFs, profit-taking by long-term holders, and thin liquidity amplifying volatility.

- Market sentiment is extremely fearful (Fear & Greed Index has dropped to around 15, indicating "extreme fear"), many are asking, "Why hasn't it rebounded after falling more than $30,000?" — the answer is that demand has temporarily dried up, and there aren't enough strong buyers to absorb the selling pressure.

When might a short-term rebound occur?

Most traders and analysts believe that a technical rebound is likely in the short term (within a few days to 1–2 weeks) for the following reasons:

- RSI has entered the extremely oversold zone (daily/weekly RSI is near or below 20), historically, such positions often see at least one significant oversold rebound.

- Key support levels are $62k–$67k (some see $56k–$62k as deeper), and if a volume spike signaling a stop to the decline forms here, common rebound targets are $72k–$78k, or even $80k–$85k (if liquidity improves).

- Chinese buying and some institutions testing the waters at lower levels have also seen rapid increases around $66k.

However, the rebound is likely just a dead cat bounce (relief rally), not a trend reversal. Many expect further lows after the rebound.