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

2026-02-04 08:25:45

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 1-2 weeks, but the height won’t be too high, probably around 6-10%. If it drops to 77,000-78,000, then the rebound will be similar to the current price, so we just have to endure. Today’s volume, based on the daily chart, probably won’t exceed that of November 21. Therefore, 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’s very likely to continue seeking a bottom, but it’s hard to say now. We need to observe the strength of the bottom-finding funds. If they remain as weak as now, then it’s probably not the final bottom.

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