BTCUSDT Technical Analysis for W4 February 2026Bitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PEricAungTechnical Analysis Report: BTC/USDT (Daily Chart) Date: February 22, 2026 Current Structure: Bearish Continuation Pattern 1. Market Context: Breakdown & Consolidation After a decisive breakdown from a parallel channel, price declined sharply to the $60,000 zone. Over the past two weeks, the market has consolidated sideways, forming a Bearish Pennant pattern—a coil of converging trendlines representing a pause in the downtrend. 2. Immediate Outlook: The Breakdown For the upcoming week, the expected scenario is a breakout to the downside from the pennant. · Confirmation: A daily close below the lower trendline of the pennant (currently near $60,000–$62,000 range). · Trigger: This move should be accompanied by a spike in volume, confirming seller conviction. 3. Downside Target If the breakdown confirms, the measured move of the pattern projects a decline to the $50,000 psychological level. 4. Momentum Confirmation Indicators support the bearish thesis: · MACD: Bearish setup, failing to gain upside traction. · RSI: Hidden bearish divergence identified (price made a lower high, RSI made a higher high), signaling weakening buying pressure. 5. Alternate Scenario (Invalidation) The bearish setup is invalidated if price breaks above the pennant's upper trendline. This would trap sellers and likely lead to a retest of higher resistance. Summary: The technical structure favors a breakdown toward $50,000. A high-volume close below the pennant is the necessary confirmation.