BTC

Comprehensive multi-timeframe technical analysis of BTC/USDT on Feb 24, 2026. Price at ~$64,088, down 34.6% from ATH of $97,963 (Jan 14). Daily bias is firmly bearish with price well below SMA50 ($80,183). On 4H, clear descending channel with lower highs ($68,687 → $66,574 → $64,979) and lower lows ($67,143 → $63,833 → $62,649). Feb 23 climax_down candle (35,845 volume) confirms institutional distribution. SMA50 (4H) at ~$66,921 acting as dynamic resistance. Volume Profile POC at $68,362 — price well below, bearish. Key unfilled bullish FVGs at $65,675-66,655 and $68,668-69,865 act as upside magnets. OI declined -17.8% on 1D suggesting deleveraging/capitulation. Partially filled CME gap $64,138-78,290 — price in lower portion. Resistance confluence at $65,639-66,921 (SMA50 + S/R flip + FVG). Support at $62,422-62,649 (recent lows + Volume Profile VAL $62,495). Major support at $59,888 (Feb 6 wick low). Descending channel pattern on 4H. Bear flag potential in current consolidation. RSI estimated ~35-40 on 4H (approaching oversold). MACD estimated negative and expanding. Bollinger Bands: price near lower band. Confidence 0.67 — bearish signal with moderate conviction; near-term bounce risk as price approaches oversold levels and lower BB. One-candle invalidation: a 4H close above $65,639 (S/R flip) would invalidate the bearish thesis and suggest a recovery toward $66,921 SMA50.