JeromeLoo 老王 🀄️🦞|Feb 10, 2026 15:38
BTC fell from $126K all the way to $60K
Four months of halving, Trump's market has all come to a halt
Grinding the bottom around $68K now
Structurally, it still appears weak
The daily moving average is all bearish
Significant rebound and contraction
On that day, $60K smashed 170000 BTC, a huge amount
Afterwards, the rebound amount can only be a fraction
Typical high volume killing and low volume ammunition
But the bottom signal is accumulating
Fear index 14 (extreme fear, historical bottom range)
The $2.7 billion liquidation has cleaned up the leverage and the fee rate is close to zero
Coinbase Premium turns green for the first time in a month
Strategy is still buying, buying, buying
But lacking a catalyst for ignition
I think Wintermute's article today has a great perspective
He said that AI has drained all the funds from the market
If AI stocks are removed from the Nasdaq, the negative skewness of BTC will disappear
BTC trend almost perfectly tracks S&P software stocks
If you have to give some space
At present, the support is $67K, and if it breaks, we will explore $60K again
A breakthrough of $71.5K above is considered a sign of reversal
Can we see if we can provide direction for this week's non farm payroll and CPI
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