On last Sunday’s podcast, I mentioned that if Bitcoin failed to stay supported, we could see it move toward the upper-$60,000 range. Since then, the selling pressure has intensified, with prices dipping to around $60,000 following a steep one-day drop of roughly 13%. At the moment, there’s an emerging short-term reversal signal that could spark a brief bounce over the next several days. This may offer some breathing room, but it’s important to remember that negative sentiment has reached elevated levels, so any rally needs to be viewed with caution. Technically speaking, the next area to watch sits near $57,800. This is where patience, perspective, and risk awareness become critical—because markets like this reward discipline, not emotion. I will address on Sunday the meltdown in tech stocks

Posted by Suze at 2026-02-06 02:20:43 UTC