ZOYAA KHAN

$BTC Quick chart breakdown for BTC/USD on February 7, 2026 – market is volatile but showing recovery signs after yesterday's brutal dip.
Bitcoin plunged below $61,000 (even touching ~$60,000 lows on Feb 6 per Reuters & Fortune reports), wiping out Trump-era gains from the $126K ATH in Oct 2025. This was driven by thin liquidity, ETF outflows, and macro fears (Fed uncertainty, tech sell-off).
But today: Strong rebound! BTC bounced hard, trading in $68,000–$70,500 range (Yahoo Finance ~$68,692 close, highs near $71,500; other sources like Investing.com ~$68k-$70k with +2-5% intraday).
Key Chart Insights (Candlestick + Indicators):
Daily/Weekly View: Sharp red candles on the drop (oversold RSI ~26-30 levels hit), then green reversal candles today. Price bounced off major support zone ~$60k-$62k (previous lows & psychological level).
Support/Resistance: Holding above $65k–$67k critical support (recent lows + 50-day SMA area). Resistance at $70k–$72k – break above could target $80k short-term.
RSI (14): Oversold during crash (below 30), now rebounding to ~40-50 neutral zone – bullish divergence possible if it climbs higher.
Volume: Pickup on the rebound candles – good sign of buyer interest (not just dead cat bounce). MACD showing potential crossover upward.
Pattern: Looks like capitulation wick low + hammer/reversal candle today. If $70k holds, bullish continuation; break below $65k = more downside risk to $55k-$60k.
My Take & Prediction:
Short-term: Rebound looks legit with volume & oversold bounce – aim for $75k+ if momentum continues. Long-term: Still in correction phase post-ATH, but fundamentals (ETFs, institutional interest) strong. This could be the dip buyers wait for!
Advice: Watch $70k resistance closely. Use tight stops, no FOMO leverage. Confirm with higher timeframe close.
What does the chart tell you? Rebound real or fake? Comment your analysis – long or short? 👇 Like/share for more chart updates!
#BTC走势分析 #Bitcoin #BTCanalysis #CryptoChart #Rebound #tradingview #BinanceSquare #CryptoNews #WOTD

$BTC The cryptocurrency market is in a severe correction phase as of February 2, 2026. Bitcoin has broken multiple supports and reached a new 2026 low around $74,500–$74,600 intraday (currently trading ~$74,500–$75,800 on major exchanges). This represents a 3–6% drop in the last 24 hours and extends the drawdown from recent highs.
Key market data right now:
BTC 24h change: -3% to -6% (exchange-dependent)
24h low: ~$74,500–$74,600
24h high: ~$78,000–$79,000
24h volume: Elevated (heavy selling pressure visible)
ETH: ~$2,280 (down 4–6%)
SOL: ~$102–$103 (down 2–4%)
Total market cap: ~$1.5T (down significantly)
Liquidations (24h): $2.5B+ (over 335,000 traders liquidated, longs 93% wiped)
Fear & Greed Index: Extreme Fear (~14–18 level)
Main drivers of today's crash:
Geopolitical escalation – Iran port explosion in Bandar Abbas and rising US-Iran tensions have triggered broad risk-off sentiment across global markets.
US partial government shutdown – Ongoing funding bill deadlock adds political uncertainty and weighs on risk assets.
Massive liquidations cascade – $2.5B+ wiped in 24 hours (BTC $679M+, ETH $961M+), creating a self-reinforcing downward spiral.
Continued ETF outflows – Institutions de-risking aggressively, pulling billions in recent weeks.
Fed hawkish stance & leadership speculation – No quick rate cuts expected + Kevin Warsh chair nomination rumors increase tightening fears.
Macro headwinds – Tariff threats, dollar strength, thin early-week liquidity amplifying moves, tech stock spillover.
Technical levels to watch:
Immediate support: $74,000–$74,500 (today’s low)
Next major support: $73,000–$75,000 (MicroStrategy cost basis area + previous 2025 levels)
Deeper bear target: $70,000–$72,000 (if supports fail)
Resistance: $78,000–$80,000 (former support), then $82,000–$85,000 (EMA zone)
Trading plan – Spot vs Futures (professional view):
Spot trading (recommended for most users in this environment):
Why spot? No liquidation risk, allows holding through volatility, ideal for long-term conviction.
Strategy: Dollar-cost average (DCA) into spot on dips below $75,000–$76,000 if you believe in the long-term thesis (halving cycle, institutional adoption).
Targets:
Short-term bounce: $80,000–$85,000 (+10–15%)
Medium-term (Q2–Q3 2026): $90,000–$100,000
Long-term (end-2026): $110,000+ possible on macro improvement
Risk management: Scale in gradually (20–30% position now, rest on confirmation above $80K). Mental stop / re-evaluation below $73,000.
Futures trading (high-risk – experienced traders only):
Why caution? Leverage in a leverage-flush environment is dangerous (recent $2.5B liqs show longs getting destroyed). Funding rates negative in spots = crowded shorts.
If taking futures position: Use very low leverage (1–3x max) and only on reversal signals.
Example long setup (aggressive):
Entry: $75,000–$76,000
Take-profit levels: TP1 $80,000 | TP2 $85,000 | TP3 $90,000
Stop-loss: Below $73,500 (invalidates bounce thesis)
Risk: Very high probability of liquidation if price tests $70K–$72K. Avoid unless you can tolerate 20–30%+ drawdown.
Bottom line:
Extreme fear + capitulation-style liquidations often mark local bottoms historically. Spot accumulation during this panic has rewarded patient holders in past cycles. Futures should be approached with extreme caution due to liquidation risk.
DYOR – this is not financial advice.
What is your plan right now? Spot buying, holding, waiting, or reducing? Share your strategy in the comments.
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