📊 Market Analysis: $BTC
The first week of February 2026 was one of the most volatile in recent history. A "perfect storm" of factors including a tech driven "risk off" sentiment and a major flash crash on the Bithumb exchange pushed BTC as low as $60,000.
Current Momentum: BTC has recently rebounded to the $71,000 range. This recovery is largely driven by institutional "dip buying," as large players view sub $70k levels as a long term value zone.
Key Technical Indicators: RSI: Recently touched "oversold" levels not seen since the FTX collapse in 2022.
Sharpe Ratio: Currently at historical lows, suggesting that while the risk is high, the market may be entering an accumulation phase typical of a bottom.
Support & Resistance: Strong support has formed at $60,000; immediate resistance sits at $74,000, with a major psychological barrier at $85,000.
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