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Good Thursday Morning, MPTraders! February 5, 2026-- Pre-Market Update: First Up, a look at the pattern setups in Bitcoin before my second update on GOOG, AMZN, and ES setups heading into today's session...Three views: My 4-Hour Set Up shows the breach of 70,000 that is accompanied by an extremely oversold condition that in the past has correlated with an emergent rally. Let's also notice that 4-Hour Momentum exhibits a potentially positive Momentum divergence (high low) compared with the 11/21/25 price-Momentum low, suggesting that a two-way intraday market could be approaching.
Bitcoin: 2026 RoadmapThe action this past week fulfilled the most recent article's title in strong form. The 2/1 update was entitled Breakdown! and price did just that, falling nearly 25% from the 2/1 opening print to the Thursday night low.While this article will primarily discuss the larger degree ramifications of this recent move, let's get the micro count out of the way first:My primary count favors a low in place with a break above lower resistance for immediately lower levels.
Sometimes what you don’t see in the market helps you to decide about what the market is about to do. Of late, I have seen initial indications that the market may have finally topped in the rally off the April 2025 low. But, when we did not see follow through below 6720SPX, it told me to wait a bit longer for more signals.
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