【Madman on Trends】Bitcoin heading towards "break," consider swing trading below 80,000

2026-02-02 08:15:44

Abstract generation in progress

Madman Says…
Bitcoin is basically heading towards a breakdown. Below 80,000 can be used for a wave, with a rebound lasting about 1-2 weeks, but the height won’t be too high, probably around 6-10%. If the lowest drops to 77,000-78,000, then the rebound back will be roughly the same as the current price, so we just have to endure it. Today’s volume, based on the daily chart, probably won’t be higher than November 21st, so the chance of breaking a new low and dropping straight down is not high (this is the logic for a wave rebound). After the rebound, it is very likely to continue downward to find a bottom. It’s still too early to tell; we need to observe the strength of the bottom-fishing funds. If it remains soft like now, then it’s probably not the final bottom yet.

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