Last night, a hint for orders near 78400, currently profiting over 2000 dollars, target approaching resistance, can exit in the short term.

Daily Market Interpretation - BTC February 27, 2025

Short-term Trend

• Rebound Expectation: BTC has entered the oversold zone after 3 consecutive days of decline over 4 days, and may rebound by $6000-$8000 in the coming days.

• Operational Suggestions:

• For those who did not sell high in the previous medium to long-term spot positions, it is recommended to exit with the rebound.

• For short-term positions, take profit when the opportunity arises and avoid chasing highs.

Key Price Levels

• Short-term Support:

• 85644-84915 (Aggressive trading, quick in and out)

• 79988-78310 (Buying the dip on a sharp decline)

• Short-term Resistance:

• 87560-87868 (After reaching, pull back to 86699 for quick in and out; if there is a volume breakout, consider buying on the pullback)

• Medium-term Resistance:

• 91060-92370 (Watch for short opportunities; actively reduce positions that are trapped from previous highs)

Technical Analysis

• Hourly Level: The current rebound has recovered part of the oversold condition but has not formed a bottom structure.

• Levels above 4 hours: New buying points need to wait for further declines or a breakout on the hourly level.

• Small-level Bullish Conversion: If it maintains sideways movement, it needs about 15 hours to convert into a bullish structure.