Gold & Bitcoin: The Spectacular Resurrection from the Abyss.

Release Time: 10:00 AM, February 09, 2026 Publisher: Mr. Loki

MARKET OVERVIEW

1. Stock Market:

Vietnam Market: The market continues to face downward pressure after losing the MA(50) zone around 1,782 points. Increased liquidity indicates a distinct rise in supply following several failed recovery attempts. Falling below the MA(50) and the 1,800-point mark places the market in a higher-risk state, extending the correction phase toward the next support zone around 1,725 points (MA100) – the lower boundary of the medium-term bullish channel. It is expected that upon retreating to this support zone, the decline may be curbed, and a technical recovery could emerge due to buying support at lower price levels.

US Market: In the February 6 session, Wall Street rose slightly after overcoming short-term pressure zones, thanks to returning demand for technology and small-cap stocks. The S&P 500 rose approximately 0.4% to ~6,830 points, the Dow Jones Industrial Average edged up ~0.3% to ~48,980 points, and the Nasdaq Composite advanced ~0,6% to ~22,290 points, reflecting capital re-entering the market after the previous correction streak. This development shows that while market sentiment remains cautious, buying pressure has begun to stabilize.

2. Forex:

GBP/USD: The dominant trend is bearish. Daily resistance at 1.36350, daily support at 1.35000. Short positions can be considered when the price breaks the daily support zone.

NZD/USD: The dominant trend is bullish. Daily resistance at 0.60300, daily support at 0.59300. Long positions can be considered when the price breaks the daily resistance zone.

3. Gold:

Developments: "Rise of the Phoenix." After a deep correction to the $4,700 zone that caused panic among many investors, Gold made a surprising U-turn and accelerated. Currently, the price is trading around $4,998, approaching the psychological $5,000 mark and recovering almost all losses from previous sessions.

Structure: The Bulls have completely regained control. A structure of Higher Lows has been firmly established from the $4,800 zone upwards. Buying force is very aggressive, evidenced by long green candles decisively breaking local resistance zones.

Key Zone: The $5,000 "gate" is right in front. This is an extremely strong psychological barrier (Round number). If the 1H candle closes decisively above $5,005, Gold will confirm a continued uptrend to challenge the old peak of $5,075. Conversely, failure here may require a pullback to $4,950 to gather momentum.

4. Oil:

XTI/USD: The dominant trend is bearish. Daily resistance at 64.40, daily support at 62.30. Short positions can be considered when the price breaks the daily support zone.

5. Bitcoin:

Developments: A spectacular "Resurrection" from the abyss. After creating a shocking "flash crash" down to the $60,000 zone, BTC executed a rapid wick rejection and climbed relentlessly. Currently, the price has reclaimed the $70,400 mark, erasing most of the previous panic-selling momentum.

Structure: The Bears are exhausted after the massive sell-off. The current price structure shows a strong return of the Bulls with a typical V-shaped recovery pattern. Continuous green candles are pushing the price past short-term resistance zones. However, the momentum is showing signs of pausing and moving sideways slightly as it approaches the $72,000 resistance.

Analysis: The trend bands are gradually curving back upwards. BTC has exited the extreme "oversold" state and is accumulating energy around the $70,400 zone. The key support zone is currently $68,000 - $69,000; as long as the price holds above this area, a scenario of retesting the $72,000 peak is entirely feasible.

RECOMMENDATION: USD/CHF Sell Stop at 0.77400, Stop Loss 0.77800, Take Profit 0.76600.


NOTABLE EVENTS TODAY:

DISCLAIMER

The above analysis represents the personal views of analyst Loki from Lotus and does not constitute a basis for actual market participation.

Lotus only provides trading technical analysis and trading knowledge training for students.

Lotus does not represent any securities company or asset management firm.

Lotus does not accept money management for students.