Bitcoin (BTC) Market Daily Report on February 24, 2025

Core Data

Current price: $95,534 (down 1% in 24 hours), fluctuation range of $95,270-96,594, failed to stand firm at the $100,000 mark.

Support/Resistance:

Support: 94,000-94,500 (chip zone), 95,000 (psychological position)

Resistance: 97,000 (short-term selling pressure), 98,892 (technical position), 100,000 (strong resistance)

Technical Analysis

Indicator Signal:

MACD (4 hours): Bullish momentum weakens, histogram turns from positive to negative, trend to be confirmed.

KDJ: Neutral range oscillation (33-41), no clear direction signal.

Form: Multiple V-shaped reversals + head and shoulders bottom, $90,000 support is valid.

Long and short focus:

Long: Breaking through $98,892 may hit $100,000, and the tightening supply on the ETH chain boosts confidence.

Short: ETF net outflow of 510 BTC, liquidity risk suppresses rebound.

Market sentiment and funds

Sentiment: The greed index rebounded to neutral and bullish, but there was a clear divergence between institutional reduction and retail investors chasing up.

Fund movement:

BTC liquidation: 24-hour liquidation of $25.08 million, with short orders accounting for 62%.

ETH movement: Exchange inventory hit an 8-year low (11% of circulation), long-term bullish.

Altcoin: ETH fell 2%, SOL/XRP followed the decline of 1-5%, and funds turned to LTC and other compliant expected targets.

Short-term trend forecast

Bullish (35%): Stabilize $98,892 and break through with large volume, with a target of $100,000.

Oscillation (50%): 94,000-97,000 range consolidation, waiting for direction signals.

Pullback (15%): Fall below the support of 94,000 USD and test 92,000 USD.

Operation strategy

Aggressive:

Long order: 94,500-95,000 light position to try long, stop loss 94,000, target 97,000.

Short order: Rebound short near 97,000, stop loss 98,000, target 95,000.

Steady:

Increase position after the range breaks through, and allocate 5%-10% position in LTC/BTSE to hedge risk.

⚠️ Risk warning

Policy: SEC has doubts about the approval of SOL/XRP ETF, and LTC has a higher probability of passing.

Technology: A breakthrough of $100,000 without volume may trigger a flash crash.

Position: Single currency ≤10% position, leverage must set a hard stop loss.