BTC Market Analysis 2026.02.17 Since the evening of February 5th, when we mentioned that BTC would rebound after hitting another low, BTC has risen from 60K to 72,200. Our view remains unchanged—this rebound isn’t over yet. The black line in the chart represents the first wave, and what’s happening now is a correction. After finding the correction’s endpoint, there will be another wave of the same level rebound. There are two possible scenarios for BTC’s correction. If it follows a strong correction, it will align with the blue line in the chart, meaning it won’t drop below 65,000 in the near term, consolidates to the extreme, and completes the correction at any time to start the next wave of rebound. If it follows a weaker correction, it might align with the red line in the chart, breaking below 65,000 before completing the correction and starting the next wave of upward movement. Regardless of the correction pattern, BTC’s correction is nearing its end. After the correction, it will create a new high above 72,200. Once this entire rebound is complete, BTC will continue to decline.