【Back then, the Hu horses came in autumn, this year they refuse to return south.
Several types of ironclad troops, 300,000, galloping with bows and arrows, parting the clouds.】
The Hu cavalry descends south, occupying without return, the 300,000 troops have no date to return. The shorts descend south, and the longs are once again slaughtered without a trace, seeing this momentum it seems there is no intention to head north, and even more madness may just be on the night of reunion on New Year's Eve. Some people have already drifted farther away, no longer having any red and green in their hearts, while more people are still eager to replicate the wealth myth of the cool breeze, a higher level of cognition has physically eliminated and plundered the lower level of time in the market, emotions and hopes...
Hello everyone, it is now 18:20 on February 11, 2026, in the UTC+8 timezone. Welcome to this edition of Bitcoin market analysis.
Let's first look at the 4-hour chart. From the chart, Bitcoin has already broken below the lower edge of the previously drawn range of 72000-68000. It is clear that this trend has broken down without a quick rebound back into the box, indicating a genuine break that continues to seek lower support and holding areas. Will Bitcoin no longer exit the previously anticipated 64000 range?
Looking at the daily chart, the dense chip area below 70000 for Bitcoin is in the range of 60000-70000. The previous spike broke from 55000 to 49000, indicating that this round of bearishness can still fill the previous gap. If Bitcoin consolidates again in the 60000-70000 range, then the midpoint at 65000 will be the dividing line for bulls and bears in this round of bearish market, leading to another scenario of market competition after several days of consolidation.
Let's take another look at the 30-minute chart. After Bitcoin touched 66557 with a spike, it quickly rebounded. Several lower shadows indicate that the bulls are currently making up for the market, while short sellers are gradually leaving for profits. Both bulls and bears are undergoing a brief adjustment, and market sentiment has also seen panic selling as bulls gradually seize the market. However, the trend still shows that bears are in a dominant position. Buying at the bottom is not a wise choice at this moment; the market needs time to repair, and we must patiently wait. Once the market tests again, the dense chip area at 70000-60000 will form a brief consolidation zone from the daily chart.
