📊 Bitcoin (BTC) Technical Analysis: February 2026 Update
Bitcoin is currently testing our patience as it consolidates within a critical range. After the recent volatility, the $66,000 - $67,000 zone has become a battleground for bulls and bears.
Key Technical Levels to Watch:
Support: Strong support is holding at $65,000. If we close a daily candle below this, we might see a liquidity hunt down to $60,000.
Resistance: The immediate hurdle is $69,000. Reclaiming this level is essential to flip the sentiment back to bullish and target the psychological $72,000 mark.
Market Sentiment:
The Fear & Greed Index is currently showing "Fear," which historically has been an area of institutional accumulation. While short-term EMAs (8-day and 20-day) are still sloping downwards, a breakout above the current downtrend line could trigger a massive short squeeze.
Trading Strategy:
Bullish Scenario: Wait for a confirmed breakout and retest of $69k.
Bearish Scenario: Watch for a breakdown below $64,800 for a potential move to the $60k support base.
Disclaimer: This is not financial advice. Always do your own research (DYOR) before trading.
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