Crypto Market Daily Update: February 6, 2026 The market is bleeding red today, as everything from Gold to Bitcoin continues to hunt for new lows in 2026.
BTC "free falling" to $62,300: Extreme panic or the final Bear Trap?
In less than 1 hour, Bitcoin wiped out all expectations of the bulls when it broke through the $64,000 mark and hit a low of $62,345. Although there was a slight upward wick back to the $64,058 area, selling pressure is still completely dominant. • Horrific sell-off pressure: Looking at the 15-minute candle, the red volume bars continuously maintain a high level, pushing BTC down -11.63% in the past 24 hours. • Short-term support: The $62,300 area is temporarily serving as a support point, but the slope of the moving averages (MA) indicates that the downtrend is still very strong.
Bitcoin breaks below $68,000: The bottom of "Extreme Fear" or the beginning of a major Reset?
The Crypto market on 05/02/2026 is going through a gripping moment. The red color envelops the entire electronic board as Bitcoin (BTC) officially loses important support levels, pushing investor sentiment into a state of extreme panic. 1. The "speaking" numbers from the market According to real-time data, Bitcoin is trading around $67,813, dropping more than 7.4% in just the last 24 hours. Not only the "big brother", but major Altcoins are also under heavy selling pressure:
Comprehensive Guide: Analyzing Japanese Candlestick Patterns in Financial Trading
Japanese Candlestick is not just green and red lines on the chart; they are the market's language, reflecting the psychological battle between Buyers (Bull) and Sellers (Bear). Understanding candles gives you the key to interpret price behavior. Below is a detailed analysis of candlestick groups from basic to complex, helping you build a solid foundation for technical analysis. Part 1: Basic Structure of Japanese Candlestick
Comprehensive Guide: Analyzing Japanese Candlestick Patterns in Financial Trading
Japanese Candlestick is not just green and red lines on the chart; they are the market's language, reflecting the psychological battle between Buyers (Bull) and Sellers (Bear). Understanding candles gives you the key to interpret price behavior. Below is a detailed analysis of candlestick groups from basic to complex, helping you build a solid foundation for technical analysis. Part 1: Basic Structure of Japanese Candlestick
Investors have many ways to benefit from the recent rise in global gold prices, instead of just buying physical gold. On January 26, the spot gold price reached a new record when it surpassed 5,100 USD an ounce. The price increase of the precious metal shows no signs of stopping, as investors ramp up purchases of gold as a safe haven amid escalating geopolitical tensions. Last year, the price of the precious metal increased by 64% - the strongest since 1979. Since the beginning of this year, the increase has been nearly 20%.