Why is $82,207 important for bitcoin today?

It marks a clear intraday resistance where many shorts have stops. A breakout and hold above $82,207 could trigger roughly $1.324 billion in BTC short liquidations, boosting momentum toward $83,000 to $89,000. We want a strong close on the 1-hour and 4-hour charts with rising volume to validate the move.

Where is the nearest support if price pulls back?

The $73,000 to $74,000 area is the nearest demand zone. If that fails, $72,000 becomes critical, with heavier liquidity lurking below $70,000. Bulls want to defend higher lows above the demand pocket. Loss of these levels increases the chance of a deeper sweep before recovery.

What confirms a real breakout instead of a fake-out?

We look for a decisive close above $82,207, expanding volume, and momentum indicators turning up. An RSI drive from neutral, a MACD cross, and sustained trading above former resistance reduce the odds of a whipsaw. Multiple successful retests turning that level into support add further confirmation.

How should Australian traders adapt this setup?

Map USD levels to BTC/AUD charts, account for wider spreads on local pairs, and expect volatility during US trading hours. Use limit orders, keep risk per trade small, and scale out at target zones. Maintain records for Australian CGT. If the breakout fails, step aside and wait for the next confirmed setup.

Global Market Insights

BTCUSD Today, February 04: $82K Break May Trigger $1.324B Short Liquidations

ByDanny Kontos February 4, 2026

The bitcoin price is consolidating after a swift drop, with $82,207 now the intraday line in the sand. A push above that level could spark roughly $1.324 billion in BTC short liquidations, creating a squeeze toward $83,000 to $89,000. Price action remains anchored near the $73,000 to $74,000 demand zone. For Australia, most venues quote in USD, while BTC/AUD pairs mirror these levels. Today, February 04, we focus on clean confirmations, risk controls, and timing for a potential breakout on BTCUSD.