DAILY OUTLOOK ASSESSMENT 02/09
BTC HARD-FOLDS IN REGION 77K
*Daily timeframe:
- After the 01/09 PMI report came in lower than market expectations, the BTC price reacted immediately, pulling from 77.3k up to 78.3k. While the market was still leaning in a positive direction, BTC then corrected sharply, at one point dropping to the 76.368k price area. After that, the market received news that the US 10-year bond yield rose to 4.8%, the highest level since 01/2025. However, by the close, BTC still finished in the 77.4k zone, down -1.46%, with trading volume higher than the previous session. - The Fear & Greed index is currently at 63.
- RSI: Has returned to the 65 zone.
- MACD: Has cut below the signal line; the Histogram has shifted into a gradually weakening state.
*4-hour timeframe:
- After the PMI news came in below expectations, BTC price fluctuated negatively compared to the drop news, falling continuously from the 78.4k area to the lowest at 76.368k. By the close, BTC ended around 77.4k, forming a Doji candle, but the lower edge of the Sonic R cluster - around 77k - can still be seen as an important support for BTC.
- RSI has cut down quite far below the signal line and is heading toward the oversold area.
- MACD has cut below the 0 line; the Histogram has moved into a weakening state.
*BTC.D - Bitcoin Dominance:
+BTC: -35.3 million USD
+ETH: -247.3 thousand USD
+ Scenario 1 (main): Consider SELL when BTC tests 78.150k-78.200k, with TP expected at 76k - 77k.
+ Scenario 2: Consider BUY when BTC drops to the 76.8k - 77k resistance/support area, with TP expected at 77.7k - 78k.
* Gold (XAU): Gold continues to correct toward the 4322 area, as noted in yesterday’s outlook. The close was around 4328. Gold has lost momentum for upside and may test 4200-4250 before the next trend forms.
* Oil: The tensions/news of war supported oil prices to surge strongly toward the 89.599U area, as stated in yesterday’s outlook. The close was around 89.3U—pay attention to the 91U-93U zone. @All
BTC HARD-FOLDS IN REGION 77K
*Daily timeframe:
- After the 01/09 PMI report came in lower than market expectations, the BTC price reacted immediately, pulling from 77.3k up to 78.3k. While the market was still leaning in a positive direction, BTC then corrected sharply, at one point dropping to the 76.368k price area. After that, the market received news that the US 10-year bond yield rose to 4.8%, the highest level since 01/2025. However, by the close, BTC still finished in the 77.4k zone, down -1.46%, with trading volume higher than the previous session. - The Fear & Greed index is currently at 63.
- RSI: Has returned to the 65 zone.
- MACD: Has cut below the signal line; the Histogram has shifted into a gradually weakening state.
*4-hour timeframe:
- After the PMI news came in below expectations, BTC price fluctuated negatively compared to the drop news, falling continuously from the 78.4k area to the lowest at 76.368k. By the close, BTC ended around 77.4k, forming a Doji candle, but the lower edge of the Sonic R cluster - around 77k - can still be seen as an important support for BTC.
- RSI has cut down quite far below the signal line and is heading toward the oversold area.
- MACD has cut below the 0 line; the Histogram has moved into a weakening state.
*BTC.D - Bitcoin Dominance:
+BTC: -35.3 million USD
+ETH: -247.3 thousand USD
+ Scenario 1 (main): Consider SELL when BTC tests 78.150k-78.200k, with TP expected at 76k - 77k.
+ Scenario 2: Consider BUY when BTC drops to the 76.8k - 77k resistance/support area, with TP expected at 77.7k - 78k.
* Gold (XAU): Gold continues to correct toward the 4322 area, as noted in yesterday’s outlook. The close was around 4328. Gold has lost momentum for upside and may test 4200-4250 before the next trend forms.
* Oil: The tensions/news of war supported oil prices to surge strongly toward the 89.599U area, as stated in yesterday’s outlook. The close was around 89.3U—pay attention to the 91U-93U zone. @All
