BTCUSDT Projection Report – February 24, 2025
#Market Overview:
On February 24, 2025, BTCUSDT is experiencing bearish movements after failing to break through key resistances. The current price is hovering around 94,500 USDT, with an intraday low at 93,817 USDT and a recent high at 96,500 USDT.
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#Technical analysis by time frames:
#1M and 5M (Short term)
- Consolidation is observed after a sharp fall.
- The RSI (14) reads 40.49, indicating slight overselling with a possible rebound.
- The price is pressured below the EMA7 and MA20, suggesting immediate resistance at 95,500 USDT.
- The MACD shows intentions of a bullish crossover, but confirmation is needed.
#15M and 1H (Intraday)
- The price is forming a bearish channel with key support at 93,800 USDT.
- Important resistance in the zone of 95,600 - 95,900 USDT.
- Bollinger Bands show compression, anticipating upcoming volatility.
- Decreasing volume indicates a possible pause before a strong directional move.
#### 4H and 1D (Medium term)
- General bearish trend; however, a possible bullish divergence is seen in RSI.
- Major resistance at 96,300 USDT; surpassing it could open the way towards 98,700 USDT.
- MACD with negative slope, but slowing down the decline.
- Critical support at 93,300 USDT and, if broken, could lead the price to 92,800 USDT.
#Possible Scenarios and Projections:
#Bullish Scenario:
- Recommended entry above 95,600 USDT with a target of 96,500 - 97,200 USDT.
- Confirmation required with a close above the EMA50 in the 1H timeframe.
#Bearish Scenario:
- Loss of support at 93,800 USDT would enable drops towards 93,100 USDT and eventually 92,500 USDT.
- Persistent selling volume reinforces the bearish probability.
#Lateral Range:
- Between 94,300 - 95,600 USDT, consolidation is expected if resistances are not surpassed and supports are not broken.
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#Key Zones:
- Resistances: 95,600 | 96,300 | 97,200 USDT
- Supports: 93,800 | 93,100 | 92,500 USDT
### Conclusion:
BTCUSDT faces a crucial day with moderate volatility. It is recommended to trade with strict risk management and wait for confirmations before entering long or short.
Recommendation: Use alerts set in key zones to avoid missing opportunities.
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This report does not constitute financial advice. Trading cryptocurrencies involves risks. Use appropriate capital management.