Based on the recent price action data leading up to February 2, 2026, I have generated a candlestick chart visualizing the market's "risk-off" correction.
Market Summary
The Bitcoin ($BTC ) market has faced significant selling pressure over the last week, dropping from a high of over \$90,000 to testing support levels near \$75,000.
Bearish Trend: The chart shows a series of red candles, indicating that the closing price has consistently been lower than the opening price for seven consecutive days.
Volatility: The long lower "wicks" (especially on February 1st and 2nd) indicate high intraday volatility where buyers attempted to push the price back up after significant drops, though the bears ultimately maintained control.
Key Levels: * Resistance: \$85,500 remains a critical level for bulls to reclaim.
Support: The market is currently hovering just above the \$75,000 psychological support zone. A break below this could lead to a test of the \$70,000 level.
#BTC #MarketCorrection #USGovShutdown #Binance #BinanceSquare
