BTC Market Analysis 2026.02.24 Since BTC dropped to 60K on February 6 and rebounded, I’ve been defining the rise from 60K as a rebound. On a larger scale, it’s still in a downtrend, and BTC might end its half-month-long consolidation this week. The previous analysis remains unchanged. There are two possible scenarios for BTC’s recent movement, as shown in the chart: **Red:** The oversold rebound from 60K ends in a horizontal consolidation, with 72,200 as the rebound high. The half-month sideways movement has absorbed the upward momentum that should have occurred. If this happens, BTC is already in a downtrend. If it drops to the illustrated range in mid-to-late March and finds support, it could end the entire downtrend that started from 97,900. After this downtrend ends, there could be a rebound of the same level. **Blue:** BTC finds support in the blue zone shown in the chart and quickly surges, with the same magnitude as the rise from 60K to 72,200. BTC’s recent performance has been weak, but as long as it doesn’t break below the previous low of 60K, this scenario cannot be ruled out. If this path is to play out, the next few days are critical. If it fails to push up or breaks below 60K, this scenario will be invalidated.