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$BTC Market Analysis 2026.02.03
After BTC hit a low of 757 on February 1st, I mentioned in my video update on February 2nd that $BTC it is very likely to make another dip near 745 before starting to rebound. The subsequent market movements also confirmed this view.
When BTC's trend is nearing its end, the first dip is often a fake-out, and since the rebound after dropping to 757 on 2.1 was weak, I initially thought there was a high probability of a second test of 745.
Currently, BTC has rebounded 6.37% from 746. If it can maintain this momentum over the next few days, there could be a new high above 794.
The 1-hour K-line chart in Figure 2 shows the price range where the rebound might end. Reaching the red zone indicates normal strength, while entering the blue zone suggests a strong rebound. I will also adjust the target end point and timing of the larger decline based on the rebound's strength and duration. #BTC何时反弹? #
After identifying the rebound's end this week, BTC is expected to continue declining. The possible future trend is shown in Figure 1: