Just looking back at what went down with bitcoin price on February 9, 2026 and honestly the chart was pretty telling that day. BTC was around $68.6k after getting rejected hard at $72.2k overnight, and the whole thing screamed weakness to me.

What struck me most was how the bitcoin price february 9 2026 action couldn't even hold above $70k despite all the noise around that Japan election pump. The structure felt heavy, bounces had no real conviction behind them. I was watching the $68.5k level pretty closely because if that snapped, we were looking at a potential free fall back to where we capitulated on Friday around $60k.

The setup for shorting looked clean to me - entry zone $69.5k to $70k with targets at $66.2k, $63k, and $60.1k, stop at $72.5k. Logic was simple: fade the pump, let gravity do its thing. That bitcoin price february 9 2026 moment felt like a textbook rejection candle to me.

Interesting to see where we ended up after that. The market does what it does, but back then the technicals were pretty clear on the bearish side.