Published: 4 February 2026,08:00
Chart The Market
BTC, H4:
Bitcoin price remains under clear short-term bearish pressure following a sharp breakdown from the prior consolidation range around the 92,375–90,000 zone. The decisive sell-off that followed has pushed BTC into a steep descending channel, reflecting strong downside momentum and aggressive liquidation. While the broader market structure has weakened, the recent bounce from the mid-75,000 area suggests that sellers may be losing some control as price approaches a technically significant support region.
Bitcoin is now trading just above the 75,400–75,000 support zone, which aligns with a major horizontal level that has previously acted as both resistance and support. This area represents a critical inflection point. A sustained hold above this level would indicate that downside momentum is slowing and that the current move lower may be transitioning into a corrective phase rather than an outright continuation of the sell-off. RSI has begun to recover from deeply oversold conditions, signaling easing selling pressure, while MACD is attempting to base after an extended period of negative momentum that is both consistent with the potential for a short-term relief rally.
Resistance Levels: 80,990.00, 84,470.00
Support Levels: 75,410.00, 68,500.00
USOIL, H4
The USOil price is showing signs of a short-term pullback after a strong impulsive rally into the 65.80 resistance level. The sharp rejection from this area indicates that buying momentum has stalled, with price slipping back toward the 62.50–61.80 region, which now acts as an important near-term support. Despite the pullback, the broader structure still reflects higher highs and higher lows compared to the December base, suggesting the medium-term bullish bias has not been invalidated yet.
Momentum indicators point to cooling upside pressure rather than a full bearish reversal. RSI has rolled over from near overbought levels and is now hovering around the mid-40s to low-50s range, signaling a loss of bullish momentum but not outright weakness. This suggests the market is transitioning into consolidation or a corrective phase. MACD has crossed into negative territory, with expanding red histogram bars, reinforcing the idea that short-term downside pressure is dominant while the market digests the prior rally.
Resistance Levels: 62.50, 65.80
Support Levels: 60.30, 58.70
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