BTC has fallen below $72,169: rebound signals are increasing across different timeframes.

Bitcoin continues its decline from October’s high, and the recent new low at $72,169 has just issued another technical signal indicating a potential recovery. Although the change compared to the previous day seemed minor, it was enough for the indicator to register a Strong signal of potential reversal on the daily timeframe. For analysts, this event holds particular significance: the last similar signal on the daily chart appeared back in early August 2024, when the markets were hit by a “black swan” from Japan.

Technical signals and historical parallels

At that time, this technical mark also signaled the bottom of a prolonged decline, and liquidity behind it remains untouched to this day. History repeats itself: after such strong signals, the probability of a noticeable rebound increases significantly. The current level of $72,169 could serve as a support point for a recovery, which may potentially start as early as today or within the next three days. It’s important to note that several such reversal signals can occur in a row, so the variability remains high.

On a more significant 3-day timeframe, a similar Strong signal of potential reversal was recorded at the end of November last year. The rebound then was substantial — +13% at the peak, but it was not enough to halt the bearish trend. From the new low in January-February 2026, this would not have saved the bulls. Notably, a strong signal on the 3-day chart is much rarer and more significant than on lower timeframes. Currently, on the 3-day timeframe, BTC has a regular potential reversal mark, adding additional upside potential.

Multiple signals on lower timeframes

Similar signals are currently forming on altcoins as well, indicating a general market sentiment reversal. On smaller timeframes, the situation looks even more interesting: locally, a Strong signal of potential reversal is recorded on the 30-minute chart (two signals) and on the 45-minute chart (one signal). Yesterday, a rebound occurred precisely from such signals, confirming their importance. The combination of signals across lower and higher timeframes creates a favorable technical setup for a recovery.

Entry strategy and risk management

The overall expectation of a rebound remains relevant, but entering positions without confirmation is not advisable. In the current conditions, premature entry is akin to catching a falling knife, which could lead to significant losses. Without a break of key levels, the price may be drawn toward liquidity zones indicated on the charts, and this could continue until the end of trading on February 6. It’s necessary to wait for a clear upward trend on the hourly timeframe before increasing long positions.

Remember, we are only talking about a rebound for now, not a change in the long-term trend. To protect against losses when entering, a stop should be placed strictly below the level of $72,169 — this is a key safeguard. Such risk management becomes critically important in conditions of high volatility and multiple technical signals across different timeframes.

BTC-2,34%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)