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🚨Is this the Bitcoin Bear Market? Why Everyone Is Wrong About This Drop

DataDash · · 21:11 · Watch on YouTube

As of . Updated hourly as new videos are read.

BTC near publication: $78,8504-hour candle close · 2 Feb 2026, 16:00 UTC · BTC/USDT

ETH near publication: $2,3734-hour candle close · 2 Feb 2026, 16:00 UTC · ETH/USDT

On Bitcoin

Changed since their last video: days flipped up to down; weeks moved down to sideways.

Views

  • Next days (next 1–7 days): Leans down: this could stay down here for a few days. All right. We could even get that, you know, an initial uh or continued drop down to 69,000. ▶ 04:26 The call was right: 78.9k when said, 69.6k on 9 Feb 2026 (−11.8%).
  • Next weeks (next 2–6 weeks): Sideways: even if we do, you know, kind of flirt around here for the next month or so and then get that push back up ▶ 08:40 The call was right: 78.9k when said, 73.4k on 4 Mar 2026 (−6.9%).
  • Next months (next 2–6 months): Leans up: even if overall the this whole market just totally rolls over, we are at a point now where it is more likely we get a multi-month rally. ▶ 09:15 Said again while their call of 20 Oct 2025 was open, so it counts once; that call was wrong: 111k when said, 67.9k on 17 Feb 2026 (−38.9%).

If this, then that

  • If if price flips back above 80,500, then 120k (next months): stacked all the way back up to 120. And while we may not see new all-time highs or anything of that nature, uh if we do flip over that 80,500, it just it just sets it up. ▶ 04:11

Levels named

  • 120k: Target (stack of high time frame averages up to 120k): I think that we'd actually push well higher, probably at least back up towards 120. ▶ 10:37
  • 108k: Resistance (next lower high many watch for a rollover): I know that a lot of people will have eyes on that 108. ▶ 10:32
  • 80.5k: Resistance (November low that needs to be flipped for sizable upside): I've labeled it as need to flip 80,500 for any type of sizable upside. ▶ 03:42
  • 69–78k: Support (next major support region below, a 10% window): from 78 to 69, a 10% little window here, a $10,000 little window. ▶ 08:28
  • 69k: Target (possible initial or continued drop into support region): this could stay down here for a few days. All right. We could even get that, you know, an initial uh or continued drop down to 69,000. ▶ 04:26

Their own position: Short, no leverage. Ended up shorting that down. Still have a position of that open.

On Ethereum

No change since their last video.

No view on any horizon.

Levels named

  • 2.1k: Support (point of control of the range, ETH bouncing from it): You see that that's exactly where ETH is getting a little bounce off of right now at 2100, right? ▶ 12:42
  • 1.94k: Support (lower area he is prepared to see): I'm actually prepared to even see 1940 here. ▶ 13:20

Their own position: Bought, no leverage; would buy at 2.1–2.5k. so I had stacks of buys between 2500 to 2100.