Education and Investment Guidance: Providing clients with foundational knowledge on digital assets, such as Bitcoin and other cryptocurrencies, as outlined in r
Overall Sentiment: Short-Term Bullish Recovery, But Cautiously Mixed / Neutral-Leaning Bearish on Higher Timeframes (BTCUSDT Perpetual, Feb 8, 2026) $BTC $BTC
Bitcoin is trading around $70,956–$71,000 (last price ~$70,956, mark ~$70,967), up +2.6% today after rebounding from a sharp weekly dip toward $60k earlier this week. It reclaimed above $70k with strong volume (~132k BTC / $9.25B USDT in 24h), showing institutional dip-buying support.
Key Technicals: Price recovered from 24h low $68,478, now near the Bollinger middle band (~$71,104), with upper band resistance at $71,494 (recent high $71,525). MACD remains negative (histogram -76), signaling lingering short-term bearish momentum despite the bounce.
Broader context: Deep corrections persist (-10% 7d, -22% 30d, -31% 90d), reflecting a post-peak pullback phase after earlier highs.
Momentum is building intraday/4h, yet negative MACD and rejection risk at $71.5k suggest it's not a full reversal yet—more consolidation or potential retest of $69k–$68.5k if it fails.
Quick Verdict: Mildly bullish intraday (buyers defending $70k+), watch for close above $71,500 to confirm strength toward $72k+. Bearish if it drops below lower Bollinger (~$70,714). High volatility—tight risk management essential.
This aligns with market reports of rebound after extreme sell-off, with institutions stepping in. Not financial advice—DYOR.