$BTC As of February 2, 2026, Bitcoin (BTC) is experiencing a period of intense volatility and bearish pressure. After a strong start to the year, the market has undergone a significant "revaluation" triggered by macroeconomic shifts and regulatory uncertainty in the U.S.
Here is your comprehensive analysis and trade guide.
📊 Market Analysis
Bitcoin has recently slipped below the psychological $80,000 mark, hitting lows not seen since late 2025. This move has shifted the short-term sentiment from "Greed" to "Extreme Fear" (approx. 18/100).
Key Fundamental Drivers
Fed Leadership Change: The nomination of Kevin Warsh to replace Jerome Powell has rattled markets. Investors fear a "regime change" toward tighter liquidity and a smaller Fed balance sheet, which is historically bearish for speculative assets like BTC.
Regulatory Deep Freeze: The looming U.S. government shutdown has stalled the CLARITY Act, pausing the progress of pro-crypto legislation and slowing institutional ETF inflows.
Safe-Haven Rotation: Interestingly, BTC is currently decoupling from gold. While gold has seen record interest, Bitcoin is being treated more like a "risk-on" asset, suffering as traders rotate into traditional hedges.
📈 Technical Levels
The technical structure has weakened, with BTC trading below major EMAs (20, 50).
Level TypePrice Point (USD)SignificanceMajor Resistance$85,600Must reclaim this to invalidate the current bearish trend.Immediate Pivot$80,000Previous support; now acting as a psychological barrier.Key Support 1$78,000Recent local low; a breach here targets deeper retracement.Major Support 2$74,000Long-term accumulation zone and 2025 breakout level.
3. The Short-Seller (High Risk)
Momentum is currently bearish. Traders looking to capitalize on further downside should watch the $78k level.
Entry: Break below $77,900.
Target: $74,200.
Stop Loss: $81,200 (above the psychological pivot).#BitcoinETFWatch #MarketCorrection #USGovShutdown
