Bitcoin
#BTCUSD Weekly Brief: The $70,000 Battle
February 10, 2026
Bitcoin is currently in a high-stakes "tug-of-war" around the $68,500 – $70,000 zone. After a brutal crash to $60,000 last week, the market is searching for a bottom amidst "Extreme Fear" and shifting macro conditions.
1. Market Highlights
* Current Trend: Short-term recovery but long-term bearish. BTC is down over 40% from its 2025 peak of $126k.
* Sentiment: "Extreme Fear" (Index at 9). Traders are shaken by recent liquidations and a pause in Fed rate cuts.
* Institutional Activity: Spot ETFs saw a modest $145M inflow Monday, suggesting some whales are "buying the dip" even as retail investors exit.
2. Technical Levels
| Level | Zone | Trading Sentiment |
|---|---|---|
| $72,500 | Resistance | The "Breakout" point. Bulls need a daily close above this to confirm a reversal. |
| $68,000 | Pivot | Current battleground. Falling below this risks a retest of recent lows. |
| $60,000 | Critical Support | The "Line in the Sand." If this breaks, the next stop is $52,000. |
3. Strategy Snapshot
The M5 and M30 charts show a bullish flag forming, suggesting a potential push toward $75,000 if macro data (like Friday's CPI) is favorable. However, until the $72.5k resistance is cleared, the overall structure remains a "sell the rally" environment.
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