📊 Crypto Market Update – Feb 8, 2026

The market is bouncing after a huge sell-off. Bitcoin briefly almost dropped below $60,000, but a relief rally brought it back to $70,000+. Analysts warn this might just be a “dead cat bounce”—a temporary rebound, not a full recovery.
📈 Current Price Snapshot
BTC: Bounced from ~$60,500 → $70,300+ | Extreme Fear
ETH: Recovered from ~$1,750 → $2,100+ | Heavy resistance at $2,500
SOL: Holding $100 | High volatility, ecosystem stress
🔍 Why Prices Are Bouncing
Oversold Bitcoin: RSI hit 15 last week—dip buyers and bots jumped in.
Short Covering: Traders betting on a drop were forced to buy back, pushing BTC higher.
Big Investors Buying: Whales see $60k–$65k as a “generational entry.”
Stock Market Help: Dow Jones surged above 50,000, giving crypto a boost.
⚠️ Caution – Possible Bull Trap
Fear Index: 5–9 → “Extreme Fear” still dominates.
Low organic buying: Mostly driven by leveraged trades, not real spot buying.
$80k Ceiling: Experts warn BTC could hit ~$80k before dropping again, possibly to $45k–$55k.
🛡️ Strategy for the Week
Watch Monday open: ETF and institutional flows matter.
Support to watch: If BTC falls below $68k, $60k could be retested.
$BTC ‌$ETH ‌$SOL ‌