Bitlayer

Bitcoin is currently trading in a highly volatile and cautious zone around $66,700–$67,000, pressured by macro uncertainty (hawkish Fed, upcoming jobs data) and weakened sentiment . The market is at a clear technical crossroads. 📊 Key Market Stats (Feb 11, 2026) · Price: ~$66,863 (below the critical $67K psychological level) . · Sentiment: "Extreme Fear" (score of 10) — the lowest since 2022, often a historical bottom signal . · Leverage: Funding rates are negative; over $250M in longs were liquidated, clearing excess leverage . 🆚 Bull vs. Bear Case · Bullish Setup: RSI at 29.94 (deeply oversold). Whales bought 53K BTC (~$4B) last week—largest since Nov . Immediate target: reclaim $69K–$71K; a breakout above $72K could open path to $78K–$80K . · Bearish Risks: New investor inflows have turned negative (early bear market signal) . Price is trading below all major moving averages. Key support: $64,369; losing this risks a drop to $60,000 . ⚠️ Immediate Catalyst Today's U.S. Nonfarm Payrolls report will likely dictate the next move. Weaker data may fuel rate-cut bets (bullish); strong data could amplify selling pressure . 💎 Bottom Line For short-term traders: This is a tactical oversold bounce play—but strictly with tight stops below#StrategyBTCPurchase $64K. For long-term investors: Many analysts view this as a compelling accumulation zone, but position sizing is critical given 106% volatility . Wait for a confirmed close above $71K to signal trend reversal.#