Welcome to our in-depth Bitcoin (BTCUSD) analysis for the week of February 2, 2026 (Week 2)! This post delivers a comprehensive technical and fundamental review, actionable trade scenarios, and a clear outlook for the upcoming week. Let’s dive into the data, trends, and catalysts shaping Bitcoin’s price action. 🚀

📊 Chart Overview & Technical Summary

• Trend: Bearish – Price is below key moving averages (10- and 50-day EMAs), with consistent lower lows.

• Momentum: RSI at 24 (deeply oversold), MACD declining, signaling strong bearish momentum.

• Pattern: Potential descending triangle forming, often a bearish continuation pattern.

• Volume: Rising on down days, indicating increased selling pressure.

📰 Latest News & Short-Term Catalysts

1. Sharp Sell-Off: Bitcoin fell sharply to $84,000, down 6% in 24 hours, with intraday lows near $81,100 after disappointing inflation data. [Bitcoin Magazine]

2. Inflation Data Shock: December PPI exceeded expectations, reigniting concerns about persistent inflation and triggering a reassessment of Federal Reserve rate-cut expectations. The dollar strengthened, pressuring Bitcoin. [Evrim Ağacı]

3. Crypto Legislation: The White House scheduled a meeting with banking and crypto executives for Feb 2, 2026, to discuss reviving stalled U.S. crypto legislation, focusing on stablecoin rules. [Bitcoin Magazine]

🔎 Technical Analysis

• Support & Resistance:

  • Support: 75,000 (major), 77,000 (minor)

  • Resistance: 83,000 (major), 84,392 (minor, MA crossing)

• Pattern: Descending triangle, typically bearish if breakdown occurs below 77,000.

• MACD: Negative and declining, confirming bearish momentum.

• Volume: Spikes on down days confirm strong selling pressure.

• RSI: At 24, indicating oversold conditions, but not yet signaling reversal.

Technical Table

📈 Fundamental & News Impact

• Macro Factors: Inflation surprises and shifting Fed expectations have pressured risk assets, including Bitcoin.

• Market Sentiment: Heightened volatility and liquidation of leveraged positions have accelerated the sell-off.

• Regulatory Uncertainty: Ongoing U.S. crypto legislation discussions add to market uncertainty and can impact sentiment in the near term.

🗺️ Scenarios & Outlook for the Upcoming Week

• Aggressive Bearish Play: Short below 77,000 if breakdown confirmed. Stop loss: 79,000. Target: 75,000.

• Conservative Bearish Play: Wait for a pullback to resistance (83,000–84,392), short at 82,500–83,000. Stop loss: 85,000. Target: 77,000.

• Bullish Play: Only consider long if price closes above 84,392, targeting 88,000–90,000. Stop loss: 82,000.

⚖️ Risk Management

• Risk 0.5–1% of capital per trade.

• Use ATR (Average True Range) to size stops for current volatility.

• Monitor macro news and regulatory headlines closely.

📝 Summary & Takeaways

Bitcoin enters Week 2 of February 2026 under strong bearish pressure, with technicals and fundamentals both pointing to downside risk. Oversold conditions could lead to short-term bounces, but the prevailing trend remains negative unless key resistance levels are reclaimed. Traders should remain nimble, manage risk tightly, and stay alert to macro and regulatory developments.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading cryptocurrencies involves significant risk.