February 6, 2026 Bitcoin Market Analysis: BTC Daily Bearish Continuation, Bottom Fishing Requires Waiting for Signals
From a technical perspective, the BTC daily trend dissection shows a clear bearish pattern. After the previous high of 126,208.5 USDT, a complete downtrend has formed, exhibiting a structure of "decline + consolidation + decline," currently in a new downtrend phase extension.
The previous consolidation range of 70,000-90,000 USDT has been effectively broken, creating a segment of departure from the consolidation, with downward momentum not diminishing. The daily MACD has continued to weaken below the zero axis with no signs of divergence, and no bottom formation pattern has appeared, indicating that reversal signals have not yet emerged.
After a 12.45% drop in 24 hours, 59,800 USDT serves only as a short-term technical support level, not a technically confirmed bottom. In terms of operations, it is strictly prohibited to go all in; one must wait for a bottom divergence at the 4-hour level + daily bottom formation resonance before lightly entering positions, with stop-loss set below 59,800 USDT, prioritizing capital preservation.
