### Current Price & Daily Movement - Bitcoin is currently trading around **$70,200 – $70,500 USD** (slight variations across exchanges like Binance, Coinbase, Bitstamp). - 24-hour change: **+5.5% to +8-12%** (depending on exact timeframe and source; strong green day after yesterday's volatility). - Today's range so far: Low ≈ **$69,700**, High ≈ **$71,500–71,700** (some sources show brief spikes to ~$71,690). ### Key Daily Chart Highlights (1D timeframe) Bitcoin printed a very strong bullish candle today after forming a deep V-shaped recovery. - Yesterday (Feb 6): BTC dipped sharply to around **$60,000–$60,100** (wicked low in many charts), closed around **$70,500–$70,600** after a massive rebound (+10–12% from lows). - Today (Feb 7): Opened near $70,500–$70,600, pulled back mildly to ~$69,700 support, then pushed higher again toward $71,500 before consolidating in the **$70,000–$70,500** zone right now. - The daily candle is a large green body with possibly a small upper wick — classic strong buying pressure and rejection of lower levels. ### Technical Levels on the Daily Chart - **Major support (held perfectly)**: $68,000–$69,000 (recent consolidation zone) → $60,000–$62,000 (yesterday's panic low, strong demand area). - **Current price action**: Holding firmly above **$70,000** psychological + key daily support turned resistance flip. - **Next resistance**: $72,000 → $73,000 (previous structure / supply zone) → $75,000–$76,000 if momentum continues. - **Volume**: Significantly higher than average on the rebound days — shows real conviction from buyers (likely dip-buyers + short covering). ### Overall Daily Chart Look - After a rough -15–20% drop over the past week (from ~$80k+ levels earlier), this looks like a classic capitulation wick + strong reversal. - RSI (daily): Bouncing hard from oversold territory (likely back to 40–50 range now). - Market sentiment: Extreme fear flipped to relief/greed recovery mode very quickly.