The post BTC Technical Analysis Feb 1 appeared on BitcoinEthereumNews.com.

Bitcoin has fallen to 78.760 dollars with a %6,33 drop in the last 24 hours and the downtrend continues despite being in the oversold region (RSI 25); investors should prioritize capital protection with tight stop losses and low position sizes against volatility. Although the potential upside target is 97.000, the downside risk points to the 58.000 level, with an unbalanced risk/reward ratio. Market Volatility and Risk Environment The Bitcoin market is currently navigating a high volatility environment. The %6,33 drop in the last 24 hours and the daily range ($75.720 – $84.146) covering about %10 of the price signals significant fluctuations based on Average True Range (ATR). Although the 14-day RSI at 25.24 indicates oversold conditions, this does not guarantee a rebound; on the contrary, it increases the risk of whipsaw (misleading movements) in trend breakouts. The Supertrend indicator is giving a bearish signal, and resistance formation above EMA20 (87.380$) reinforces the short-term bearish structure. 10 strong levels were identified across multiple timeframes (MTF): 2 supports/2 resistances on 1D, 1 support/3 resistances on 3D, 1 support/2 resistances on 1W. News flow is negative: Bitcoin has fallen below MicroStrategy’s cost basis (76.037$) for the first time since October 2023 and below 80.000$ for the first time since April 2025. With the dollar index up %0,4, BTC lost %4 value, and gold and Nasdaq also declined. These macro risks can trigger volatility leading to sudden dumps. Investors should measure volatility with ATR for capital protection: Daily ATR is around 4.000-5.000$ band, requiring wider stop distances. Risk/Reward Ratio Assessment Potential Reward: Target Levels In the upside scenario, the 97.000$ target from the current 78.760$ level offers %23 potential return. This is possible through a potential rebound from RSI oversold and breaking resistances at 80.429$ (score 69/100) and 83.160$ (score 61/100). However, within the…

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Filed under: News - @ February 1, 2026 4:25 am