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Today Technical Analysis: Cryptocurrencies Extend Losses As Bitcoin Slips Below The $70,000 Level

February 11, 2026, 08:05

Cryptocurrencies extend losses as Bitcoin slips below the $70,000 level

Bitcoin Technical Analysis

Bitcoin is in a clear bearish structure. After forming a local high near $72,260, price failed to continue higher and began recording lower highs followed by lower lows. The recent move shows consistent rejection from the 30-period moving average.

Price is currently trading below all three moving averages (5, 10, 30), and they are aligned bearishly with the faster averages crossing below the slower ones. This confirms downside momentum on the hourly timeframe.

MACD is below the zero line, indicating bearish momentum remains active. The signal line and MACD line are both sloping downward, showing that sellers still control the short-term flow.

As long as price remains below $69,500, rallies look corrective. A clean break below $67,800 opens room toward $66,000. A reclaim of $70,000 would be the first sign of bullish recovery.

Bitcoin 1H Chart

Bitcoin 1H Chart 11-2-2026
Resistance$67,910$69,275$70,245
Support$66,347$64,342$62,270

Gold Technical Analysis

After forming a higher low around $4,655, gold began building a bullish structure with higher highs and higher lows.

Currently price is trading above the longer term moving average MA(30). The recent consolidation, just below $5,100, indicates accumulation might be underway. Price is compressing near resistance without strong rejection.

MACD is hovering around the zero line with slight positive bars. If price holds above $4,980 and breaks $5,120, continuation toward $5,200–$5,250 becomes likely. However, a drop below $4,900 would shift short-term bias neutral or bearish.

Gold 1H Chart

Gold 1H Chart 11-02-2026
Resistance$5,064$5,084$5,100
Support$5,034$5,029$5,000

USDJPY Technical Analysis

USDJPY is clearly bearish on the hourly timeframe. After topping near 157.65, the pair began a consistent downtrend with lower highs and lower lows. The breakdown below 156 was the structural shift confirming bearish control.

Price is trading below all moving averages, and they are aligned bearishly. The moving average MA(30) is acting as dynamic resistance, and price keeps rejecting attempts to reclaim it.

MACD is well below the zero line with expanding red histogram bars, confirming strong downside momentum. As long as price remains below 154.20, the trend is downward. A break below 152.90 opens room toward 151.50–152.00. Only a strong reclaim above 155.50 would neutralize the bearish structure.

USDJPY 1H Chart

USDJPY 1H Chart 11-02-2026
Resistance154.050154.53154.79
Support152.678152.331152.00
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