📌 2026-02-17 BTC Technical Analysis (As of 10:40)

Current Price: Approximately 67,300–68,500 USD (rising sharply then pulling back, intraday volatility)

1. Trend and Structure

- Daily timeframe: Bearish dominance, oversold rebound
- All moving averages are in a bearish alignment, with price below the 50-day MA (87k–90k) and 200-day MA (102k)
- RSI (14): approximately 25–30, deeply oversold, needs a rebound correction
- MACD below zero line, green bars shrinking, weakening downward momentum
- 4-hour timeframe: oscillating correction, resistance suppression
- Short-term rebound encountering a dense trading zone at 69k–70k
- Key watershed: 68,300 USD (battle between bulls and bears)
- Weekly timeframe: weak oscillation, critical support test
- 200-week SMA: approximately 58,000 USD (bull-bear dividing line)
- Losing this support opens downtrend space to 50k–52k

2. Key Levels (Intraday/Short-term)

🔽 Support levels (from strong to weak)

1. 67,000 USD (intraday low/dense buy zone)
2. 66,000 USD (short-term support/clearing zone)
3. 65,000 USD (psychological threshold/dense chips)
4. 60,000–58,000 USD (200-week moving average/strong support)

🔼 Resistance levels (from near to far)

1. 69,000–70,000 USD (intraday strong resistance/short-term trapped positions)
2. 72,000 USD (key rebound level)
3. 75,000 USD (medium-term rebound target)
4. 80,000 USD (strong resistance/golden ratio level)

3. Indicator Signals

- RSI (14): approximately 28, oversold, rebound probability increases
- MACD: daily divergence emerging, 4-hour golden cross but insufficient momentum
- Bollinger Bands: price near lower band, volatility expanding, band walking sideways (bearish bias)
- Volume: rebound with decreasing volume, decline with increasing volume, bullish momentum insufficient

4. Intraday Strategy (For reference only, risk bears)

- Range trading: 67,000–69,500 USD, buy low and sell high
- Long conditions: stabilize above 67,500, pull back to 67,000 without breaking, target 69,000–70,000; stop loss at 66,500
- Short conditions: encounter resistance at 69,500–70,000 during rebound, target 67,500–67,000; stop loss at 70,500
- Risk control: break below 66,000 turn short; break above 70,500 chase long

5. Risk Warning

- Macro factors (Federal Reserve, ETF funds) and geopolitical events have significant impact
- High risk of false breakouts and liquidity traps
- 200-week moving average (58k) is a key bull-bear dividing line; breaking below signals trend reversal to bear