#比特币价格走势分析 $BTC

Based on market dynamics and technical analysis as of February 26, 2025, the current situation of Bitcoin has multiple influencing factors that need comprehensive assessment to determine if it is suitable for going long:

1. **Current Price Trends and Market Sentiment**

- **Price Fluctuations**: Bitcoin briefly rose above $89,000 this morning but then retraced to around $88,711, with a 24-hour decline narrowing to 3.44%. However, the market has been in continuous decline recently, and since February 22, due to security incidents (such as the Bybit hacking attack) and macro policies (like Trump's tariff threats), Bitcoin has fallen below the critical support level of $90,000, hitting a new low since mid-January.

- **Market Sentiment**: Investors' concerns about inflation triggered by the trade war have intensified, leading to increased risk aversion and greater selling pressure on risk assets. Meanwhile, security issues at cryptocurrency exchanges (such as the $1.5 billion ETH theft from Bybit) have further undermined market confidence.

2. **Technical Indicators and Volume-Price Analysis**

- **Short-term Trend Divergence**:

- **Bearish Signals**: The market on February 25 showed a price drop accompanied by an increase in trading volume, indicating significant selling pressure and pessimistic market sentiment. Conversely, on the morning of February 26, when prices rose, trading volume decreased, showing a divergence in volume and price, suggesting insufficient upward momentum.

- **Possible Oversold Rebound**: The Williams indicator shows that the current state is in the oversold region, indicating a potential short-term rebound opportunity, but attention must be paid to whether trading volume can support this.

- **Support and Resistance Levels**:

- **Key Support Level**: If it falls below $88,000, it may further explore $84,500 (the short-term support level predicted by analysts) or even $77,000.

- **Resistance Level**: If it rebounds and breaks through $89,000, it is necessary to observe whether it can hold steady and challenge the psychological level of $90,000.