$BTC Today's Trading Strategy:

As of February 23, 2025, the current price of Bitcoin (BTC) is $96,113.82, down slightly by 0.483% from the previous trading period, with a trading volume of 9364.53, showing a medium level of trading activity. From a technical point of view, BTC is currently in a bearish-dominated phase. The RSI indicator shows that RSI (14) is 45.99 and RSI (12) is 45.78, indicating that although it has not yet entered the oversold zone, the market is under certain selling pressure. At the same time, the MACD line is -784.43, which is lower than the signal line -852.30, which further confirms the downward trend.

In addition, the Stochastic RSI (14,3,3) value is 49.67, suggesting that there may be signs of oversold, while the Stochastic D (14,3,3) is 54.08, showing a potential bullish divergence, which provides traders with different operating angles.

From the perspective of Fibonacci retracement levels, the key support and resistance levels of BTC are:

- Pivot point: $96,515.14

- First resistance level (R1): $98,840.34

- First support level (S1): $94,189.94

- Second resistance level (R2): $100,276.85

- Second support level (S2): $92,275.43

Based on the above data, the following trading strategies can be considered at present:

Breakout strategy:

- Entry: Consider entering the market when the price breaks through the pivot point of $96,515.14 and the Stochastic RSI crosses 50.

- Target price: $98,840.34 (R1 position)

- Stop loss: set below $94,189.94 (S1 position).

Mean reversion strategy:

- Entry: If the price drops to $94,189.94 (S1), pay attention to the opportunity to rebound to the pivot point.

- Target price: $96,515.14 (pivot point)

- Stop loss: set below $92,275.43 (S2 position).

Range trading strategy:

- Entry: Buy at $94,189.94 (S1) and sell when the price rebounds to $98,840.34 (R1).

- Stop loss: can be set as a trailing stop below S1.