On February 1, 2026, at 12:00 (UTC+8), BTC experienced an intraday plunge, dropping to a low of approximately $75,500. It is currently trading around $78,000, with a daily decline of over 7%. Market sentiment is panic-driven, and the short-term outlook is bearish.
📊 Core Indicators and Key Levels
- Key Levels: Resistance at $80,000/$82,000; Support at $75,000/$72,000.
- Moving Averages: 50/200-day moving averages are both in a bearish alignment, with price far from the averages, indicating a bearish dominance.
- RSI(: Below 30, entering oversold territory, possibly a weak rebound but not a re
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