**Time Range**: 2026-01-27 08:00:00 ~ 2026-02-07 00:00:00
**Data Nature**: Real-time Candlesticks
## Candlestick Pattern Deep Analysis
**Early chart period shows bearish momentum with consecutive red candles** - Strong downtrend continuation - Strong signal
**Around February 3rd, price formed a bearish continuation pattern** - Sellers maintaining control - Medium signal
**Near 59,809 on February 6th, a bullish hammer pattern formed** - Potential reversal signal at the bottom - Strong signal
**Latest candlesticks show two consecutive green candles with increasing length** - Bullish momentum building - Strong signal
**Current price at 70,648 shows a long green candle with minimal upper shadow** - Strong buying pressure - Very strong signal
## Technical Indicator Analysis
**Moving Averages**: Price is currently below EMA99 (80,570) and EMA25 (71,559) but has crossed above EMA7 (67,928), indicating potential short-term bullish momentum while still in a medium-term downtrend.
**MACD**: The MACD line (178.1) has crossed above the signal line, forming a bullish crossover. The histogram is turning green, suggesting momentum shift from bearish to bullish.
**Volume**: Significant spike in volume accompanying the recent price recovery from 59,809 to current levels, confirming strong buyer interest in this reversal.
## Support and Resistance Levels
**Support Levels**:
- Strong support at 59,000-60,000 (recent bottom with hammer pattern)
- Secondary support at 63,000 (previous consolidation area)
- Minor support at 67,000 (EMA7 level)
**Resistance Levels**:
- Immediate resistance at 71,500-72,000 (24h high and psychological level)
- Major resistance at 79,000-80,000 (EMA25 and previous support turned resistance)
- Strong resistance at 90,000 (previous major support level)
## Comprehensive Technical Evaluation
The BTC-USDT pair has experienced a significant downtrend from around 90,000 to a low of 59,809, representing approximately a 33% decline. However, the recent price action shows a potential reversal forming with increased buying volume and technical indicator confirmation.
The hammer pattern at the bottom, followed by strong green candles with increasing volume, suggests exhaustion of selling pressure and renewed buying interest. The MACD bullish crossover further confirms this potential trend change.
Currently, price is attempting to establish a new short-term uptrend, having already gained about 18% from the recent low. The recovery is backed by substantial volume, lending credibility to this reversal attempt.
## Conclusion
The technical analysis suggests a potential trend reversal after a significant downtrend. For traders on Binance, this presents an opportunity to consider long positions with careful risk management. Entry points could be considered on minor pullbacks toward the 67,000-68,000 range, with stop losses below the recent low of 59,809.
However, caution is warranted as the price remains below major moving averages, indicating the overall trend is still bearish on longer timeframes. The recovery needs to break above 71,500 and then 80,000 to confirm a more sustainable uptrend. Risk management is essential given the recent volatility.