February 10, 2026 11:30 (Beijing Time), BTC price is approximately $67,200 USD, +1.8% in 24h, -8.2% weekly, at a low rebound after a sharp decline, with insufficient volume and still heavy selling pressure.

I. Core Technical Analysis

- Price and Pattern: Daily chart shows a sharp rise followed by a pullback, long upper shadow; 1h/4h charts are oscillating in the 67,000-69,000 range; Bollinger middle band is under pressure, rebound is blocked, bearish dominance.
- Indicators: RSI around 48, neutral leaning weak, no overbought or oversold signals; MACD shows a low-level golden cross but short red bars, momentum is insufficient; moving averages are in a bearish alignment, with price below MA5/MA10, indicating weak rebound.
- Volume: Rebound with no volume, spot selling pressure has slowed but buying has not significantly followed, mainly driven by futures, lacking sustainability.

II. Key Price Levels (USD)

- Support: 65,000 (major support and resistance, break below or double bottom); 63,000-62,800 (strong support, small positions can be re-entered).
- Resistance: 69,800-70,200 (intraday strong resistance); 72,000-75,000 (area with heavy trapped positions, 4h level sell points).

III. Trading Strategy (Light Position + Stop Loss)

- Rebound Strategy: Reduce positions in stages as it rebounds to 69,800-70,200, target 68,500-67,500, stop loss at 71,000.
- Pullback Strategy: Light long positions on pullback to 65,000, stop loss at 64,500, target 67,000-68,000; if below 65,000, observe or reverse to short, targeting 63,000-62,800.
- Position Size: Single trade ≤10%, avoid chasing high leverage, risk strictly controlled during deleverage phase.

IV. Risks and Drivers

- Risks: Fed rate cut expectations in March cooling down, ETF fund outflows ongoing, leverage deleveraging, weak rebound sustainability; large sell-offs or macro disturbances could trigger rapid decline.
- Drivers: Geopolitical safe-haven provides slight support, short-term oscillation and correction mainly, unlikely to see strong unilateral moves.