Critical Update (Feb 3, 2026)
The market is moving fast. Bitcoin has smashed through the critical $75,000 support and is currently trading around $73,000.
This is no longer a correction. This is a Liquidation Cascade.
The New Reality 📉
• Support Lost: The $75k defense line failed to hold.
• Next Target: All eyes are on $71,200. This is the ultimate "Golden Pocket" support. If we lose this, we are looking at a much deeper bear trend.
• Oversold Conditions: We are at extreme oversold levels. A violent bounce is possible, but risky to predict.
What to do now? 🛡️
1. DO NOT Panic Sell: Selling here means you are providing liquidity for whales. You missed the exit at $80k; don't exit at the bottom.
2. DO NOT Catch the Knife: Do not open Long positions until we see a stabilization or a clear reversal candle on the 1H chart.
3. Wait for the Close: We need to see where the daily candle closes. A wick back above $75k would be bullish. A close below $73k is dangerous.
Stay Alert. The market is hunting for the final capitulation wick.
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