$BTC at $69,146, RSI-6 18.8 (oversold), MACD negative, trading below EMAs, signaling downside pressure with support at $BTC 68,772 $BTC {future}(BTCUSDT) #PEPEBrokeThroughDowntrendLine #TradeCryptosOnX
about 3% over the last 24 hours. Analysts are divided: some suggest we are forming a "pullback low" near $BTC 69,000, while others see a potential final push toward $BTC 73,800 before a more significant short-term top.
Bithumb Incident: A major story impacting sentiment is a massive technical error at the South Korean exchange Bithumb, where an employee accidentally credited customers with 620,O00 BTC instead of 620,000 Korean won. The exchange has recovered 99.7% of the funds, but the event has highlighted "structural problems" in internal ledger systems.#Binance #bitcoin #BTC
about 3% over the last 24 hours. Analysts are divided: some suggest we are forming a "pullback low" near $BTC 69,000, while others see a potential final push toward $BTC 73,800 before a more significant short-term top.
Bithumb Incident: A major story impacting sentiment is a massive technical error at the South Korean exchange Bithumb, where an employee accidentally credited customers with 620,O00 BTC instead of 620,000 Korean won. The exchange has recovered 99.7% of the funds, but the event has highlighted "structural problems" in internal ledger systems.#Binance #bitcoin #BTC
about 3% over the last 24 hours. Analysts are divided: some suggest we are forming a "pullback low" near $BTC 69,000, while others see a potential final push toward $BTC 73,800 before a more significant short-term top.
Bithumb Incident: A major story impacting sentiment is a massive technical error at the South Korean exchange Bithumb, where an employee accidentally credited customers with 620,O00 BTC instead of 620,000 Korean won. The exchange has recovered 99.7% of the funds, but the event has highlighted "structural problems" in internal ledger systems.#Binance #bitcoin #BTC
After a brutal start to the week where Bitcoin fell below $BTC 61,000 (erasing its post-2024 election gains), the "dip-buyers" have stepped in.
Support & Resistance: * Resistance: $71,000 is the immediate psychological hurdle. A sustained close above this level is needed to shift the short-term trend from bearish to neutral.
Support: The $60,000 - $63,000 zone has proven to be a "line in the sand" for bulls. If this fails, analysts warn of a deeper "Crypto Winter" retracement. Liquidity Risk: Market depth has thinned significantly, dropping from $8 million to roughly $5 million. This means even relatively small trades can cause outsized $1,000+ price swings, leading to the "jagged" chart patterns seen over the last 48 hours.
The "February Bounce" Narrative: Historically, Bitcoin has seen positive returns in February in 9 out of the last 13 years (averaging ~14% gains). Traders are currently "meta-analyzing" social sentiment for signs of capitulation, which often marks a local market bottom.
Key Market Drivers Today
The "Warsh" Factor: Selling intensified earlier this month following the appointment of Kevin Warsh as Fed Chair, as investors fear a more aggressive reduction in the Fed's balance sheet (less liquidity for risk$BTC $ETH
After a brutal start to the week where Bitcoin fell below $BTC 61,000 (erasing its post-2024 election gains), the "dip-buyers" have stepped in. Support & Resistance: * Resistance: $BTC 71,000 is the immediate psychological hurdle. A sustained close above this level is needed to shift the short-term trend from bearish to neutral. Support: The $60,000 - $63,000 zone has proven to be a "line in the sand" for bulls. If this fails, analysts warn of a deeper "Crypto Winter" retracement. Liquidity Risk: Market depth has thinned significantly, dropping from $8 million to roughly $5 million. This means even relatively small trades can cause outsized $1,000+ price swings, leading to the "jagged" chart patterns seen over the last 48 hours. The "February Bounce" Narrative: Historically, Bitcoin has seen positive returns in February in 9 out of the last 13 years (averaging ~14% gains). Traders are currently "meta-analyzing" social sentiment for signs of capitulation, which often marks a local market bottom. Key Market Drivers Today The "Warsh" Factor: Selling intensified earlier this month following the appointment of Kevin Warsh as Fed Chair, as investors fear a more aggressive reduction in the Fed's balance sheet (less liquidity for risk $BTC
1. $BTC (BTC): The Anchor in the Storm Bitcoin experienced a "blood bath" on February 5th, plunging from its October 2025 highs toward the $60,000 mark. This was largely driven by institutional de-risking and a "risk-off" rotation in global markets.
Analysis: BTC successfully defended the psychological $60k support level and has since rallied back above $70,000. Outlook: Analysts view the $75,000 mark as the "must-reclaim" level to shift back to a bullish bias.
2. $ETH ETH): Facing Headwinds Ethereum has been the hardest hit among the majors this week, dropping nearly 34% in seven days.
Analysis: ETH broke below the critical $2,000 support level, hitting a low near $1,700. Despite strong fundamental data—like representing 65% of all RWA (Real World Asset) tokenization—the price action remains weak due to massive outflows from spot ETFs (over $68M this month). Outlook: Currently attempting to reclaim the $2,000 handle.
3. $SOL (SOL): High Beta Recovery Solana continues its reputation as a high-volatility asset. After briefly touching $68, it has bounced back over $80.
Analysis: On-chain activity remains at record highs, but derivatives data shows a "bearish bias" with many traders opening short positions. Standard Chartered recently lowered its 2026 target to $250 (down from $310) but remains bullish long-term ($2,000 by .