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✔️ Strong Support Test Near $60,000–$65,000:
This is now a psychological and technical battleground. If BTC can reestablish support above $65,000, we may see consolidation and a pause in the decline. But a breakdown below this zone could trigger more selling.
✔️ Short-Term Bounce Potential:
Given oversold conditions, relief rallies are likely into $68,000–$72,000 if buyers appear at key value zones. This is a chance for short-term traders to enter with defined risk and tight stops.
✔️ Medium-Term Rebound Scenarios:
Despite volatility, BTC still has potential to return to the mid‑to‑high $70,000s if sentiment improves or macro markets stabilize. Short-term bottom-fishing doesn’t mean panic buying it’s about calculated entries at critical support levels.
🚨 Cautionary Note:
If BTC cannot hold support, the decline could continue further. Markets remain highly sensitive to global risk sentiment, and momentum could turn bearish quickly. Risk management is key.
📌 My Bottom Target for Feb 9:
Based on current structure and sentiment, I see BTC finding a probable bottom in the mid‑$60,000s to low‑$70,000s range by February 9. This is where buyers are likely to step in and stabilize the market.
Conclusion:
BTC’s current pullback is a mix of fear, macro risk, and technical testing. Traders who stay disciplined, focus on key support zones, and plan phased entries are best positioned to navigate this volatility. Emotional buying or selling can lead to missed opportunities or unnecessary losses.
📅 Analysis Duration: February 6 – February 9, 2026 (UTC+8)
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$BTC