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🇺🇸 The Market Isn’t Looking for Support — It’s Hunting Liquidity

Bitcoin is sliding toward deeper downside targets as forced liquidations dominate price action, while any meaningful rebound likely requires further damage first.

Feb 05, 2026
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🪙 Crypto Market Overview

Bitcoin continues to weaken, pressing toward the $70,000 zone as selling pressure accelerates. In the short term, $66,000 now stands out as a highly probable test area.

A brief technical reaction could still emerge near $69,000, but structurally this would likely amount to little more than a pause. Last spring’s low around $74,500 now appears more relevant as former support turned resistance rather than a reliable floor.

The broader message from price action is clear: downside momentum remains dominant.

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