🟡 BTCUSD Daily Market Analysis—7 February 2026

Introduction

The cryptocurrency market continues to exhibit volatility, and today, we delve into a comprehensive analysis of the BTCUSD pair as of February 7, 2026. With the current market price at $70,756, it's crucial for traders and investors to understand key levels and indicators that can influence their trading strategies. This analysis will cover daily and 4-hour timeframes, utilizing various technical indicators including Fibonacci Retracement Levels, Exponential Moving Averages (EMA), RSI divergence, Smart Money Concepts (SMC), and more.

Market Overview

Current Price: $70,756

As we analyze the BTCUSD pair, we’ll focus on the following key elements:

• Swing High: $97,942

• Swing Low: $85,960

These levels will help us identify potential support and resistance zones, along with other critical indicators.

Technical Indicators Analysis

1. Support & Resistance Levels

Daily Timeframe

• Support Levels:

  • S1: $68,000

  • S2: $66,500

  • S3: $64,000

• Resistance Levels:

  • R1: $72,000

  • R2: $74,500

  • R3: $76,000

4-Hour Timeframe

• Support Levels:

  • S1: $69,500

  • S2: $68,200

  • S3: $67,000

• Resistance Levels:

  • R1: $71,500

  • R2: $72,800

  • R3: $73,500
    

2. Fibonacci Retracement Levels

Using the swing high and swing low, we can derive the Fibonacci retracement levels:

• Key Levels:

  • 23.6%: $73,000

  • 38.2%: $70,000

  • 61.8%: $67,500

These levels are crucial for identifying potential reversal points, especially in conjunction with other indicators.

3. Exponential Moving Averages (EMA)

Daily Timeframe

• EMA (50): $69,300

• EMA (100): $68,000

• EMA (200): $66,500

• EMA (400): $63,000

4-Hour Timeframe

• EMA (50): $70,200

• EMA (100): $69,000

• EMA (200): $67,800

• EMA (400): $66,000

The EMAs are critical for identifying the trend direction. The current price is above the EMA lines on both timeframes, indicating a bullish trend.

4. RSI Divergence

The Relative Strength Index (RSI) is currently showing signs of divergence on the daily chart. As the price approaches the resistance level of $72,000, the RSI is indicating overbought conditions, which could suggest a potential pullback. Monitoring this indicator will be essential for identifying potential reversals or continuations in the market.

5. Order Blocks

Order blocks are significant areas where institutional buying or selling has occurred. In the current analysis:

• Bullish Order Block: Located around $67,500, where buyers have previously stepped in.

• Bearish Order Block: Found near $72,500, where selling pressure has been observed.

These order blocks can serve as potential entry and exit points for traders.

6. MACD Analysis

The Moving Average Convergence Divergence (MACD) indicator is currently showing a bullish crossover on the daily timeframe, suggesting upward momentum. However, traders should remain cautious as the histogram is nearing the zero line, indicating a potential weakening of the bullish trend.

Summary of Key Levels

Daily & 4-Hour Support and Resistance

• Daily Support Levels: $68,000, $66,500, $64,000

• Daily Resistance Levels: $72,000, $74,500, $76,000

• 4-Hour Support Levels: $69,500, $68,200, $67,000

• 4-Hour Resistance Levels: $71,500, $72,800, $73,500

Exponential Moving Average (EMA) Levels

• Daily EMA Levels:

  • EMA (50): $69,300

  • EMA (100): $68,000

  • EMA (200): $66,500

  • EMA (400): $63,000

• 4-Hour EMA Levels:

  • EMA (50): $70,200

  • EMA (100): $69,000

  • EMA (200): $67,800

  • EMA (400): $66,000

Weekly Pivots

• Weekly Pivot Levels:

  • Pivot Point: $70,500

  • Resistance Levels: $72,500, $74,000

  • Support Levels: $68,500, $67,000

Daily Pivots

• Daily Pivot Levels:

  • Pivot Point: $70,000

  • Resistance Levels: $71,500, $72,000

  • Support Levels: $69,000, $68,500
    

Conclusion

In conclusion, the BTCUSD market is currently positioned at a crucial juncture, with various indicators suggesting potential movements. Traders should closely monitor the support and resistance levels, along with the EMAs and RSI divergence, to make informed decisions. As always, it's essential to manage risk effectively and stay updated with market trends.