$BTC WARNING ⚠️ ⚠️
The 2-hour chart on $BTC and ETH is making a DANGEROUS pattern.
Yes, Bitcoin and Ethereum are still just above their key support level on the weekly chart.
But things are not developing well on the 2-hour chart and this is something I also take into account.
We've made lower lows 3 times in a row. We're now quite likely to make another low just below the previous one, around 72k.
After that, Bitcoin will most likely make a small bounce after grabbing some liquidity. And this is exactly what I'm going to observe.
◼️ From there, 2 scenarios:
🔹 If the bounce is weak (let's say to 74k then stabilization), then this whole pattern is more likely to break to the downside. A weak bounce is the most likely scenario to me.
🔹 However, If Bitcoin bounces and manages to stay above 75k, then we're talking about a potential reversal candle with a move that can send us above 80k. This scenario is less likely because we're already making lower lows in a downtrend.
Concerning the BTC and ETH trades I shared, we had nice reversals from the bottom. However, they ended up being closed both at break even following the latest move.
Binance did temporarily pause withdrawals on Feb 3, 2026, due to technical issues, but resumed them within ~20 minutes, per their official statements and news reports. On-chain data shows net BTC outflows from Binance over recent days (e.g., ~6K BTC drop from peak), amid market downturns. No evidence of ongoing issues or imminent problems. Always DYOR.