Market Analysis BTC: Critical Levels and Flying Fish Projections for February 2026

According to the technical analysis by Peixe Voador, the Bitcoin market is currently at a decisive inflection point. With BTC priced at $69,450 (+3.46% in 24 hours), the technical landscape remains under pressure, oscillating between well-defined support and resistance levels. The following analysis outlines the critical points that every Bitcoin trader should monitor during this volatile period.

Current Market Situation: The Critical Break of 74k

The Bitcoin market is experiencing a pivotal moment. According to Peixe Voador’s perspective, the crucial defense line at 74,295 has been broken, marking a significant shift in price dynamics. This level served as the reversal point V from the previous day and represented the formation of an expected double bottom by investors.

The downward break of this level triggered a concerning technical sequence: stop-loss orders and short sales cascaded into the market. The “breakdown” chart pattern now forming suggests that if Bitcoin does not quickly recover above 74,500 in the next session, we will have a validated breakdown, opening the door to a structural free fall.

Market Pressure Analysis: The Free Fall Scenario

Peixe Voador highlights that once the 74k level is surpassed, the area below becomes a technical vacuum. The market is now seeking consolidation at lower levels, with quantitative trading bots and technical traders converging on a common target: 72,000. This level not only represents the technical limit of wave C according to wave theory but also the “last Maginot Line” for bulls in a sharply declining context.

The overall market sentiment reflects uncertainty. Short-term speculators are still trying to “catch the falling knife” at 73,500, but the strength of this inertial support remains questionable. Technical confirmation will depend on price behavior in the coming days.

Detailed Support Map: Peixe Voador’s Anchor Levels

Short-Term Supports (1-3 days – Search for New Bottom Zone)

73,500: The first inertial support barrier after the break of 74k. It represents a buffer zone where speculators may test for reversal, but without guaranteed structural strength.

72,000: The core support of the analysis. This is the most critical level from Peixe Voador’s perspective — the technical limit of long-term wave C and the final defense zone before a catastrophic scenario. The first touch at this level historically produces a revenge rebound, offering buying opportunities for contrarian traders.

70,000: The psychological defense line of one trillion dollars in market capitalization. If Bitcoin falls to this level, we will be in a “bloodbath” — an extreme panic scenario that rewrites market narratives.

Medium-Term Supports (1-2 weeks – Consolidation Zone)

69,000: The historic bottom — the point where Bitcoin reached its top in the last bull run, functioning as Peixe Voador’s “fundamental diamond” for the next phase.

65,000: Structural support that defines the long-term bullish trend. Its breach would completely invert the constructive scenario.

60,000: The dividing line between bullish and bearish cycles. It marks the psychological boundary between the two market regimes.

Key Resistances: Recovery Trajectory According to Peixe Voador

Short-Term Resistances (1-3 days)

74,300: The immediate resistance that currently defines the focus. The level that was recently broken now becomes the most important “heavy cap” above the current price. A return here acts as an additional point for sellers.

75,500: Elevated resistance zone, typically serving as a intraday rebound target during rapid recovery contexts.

76,244: Core resistance that previously served as a support target — now transformed into a technical ceiling difficult to penetrate.

Medium-Term Resistances (1-2 weeks)

78,500: The pressure level that separates volatility from the safety zone.

80,000: The cycle’s lifeline — a key psychological resistance to keep the bullish narrative intact.

82,000: Fibonacci retracement marking the mathematical extension of the previous move, functioning as a technical confluence level.

Conclusion: Essential Monitoring of Peixe Voador’s Analysis

Peixe Voador’s technical analysis indicates a market at a critical crossroads. With Bitcoin at $69,450, attention should focus on the next moves around intermediate support levels. Traders should watch 72,000 as a structural decision point, while a recovery above 74,500 would signal significant technical relief. This support and resistance map serves as a compass for navigating a period of high uncertainty.