February 26, 2025 Market Analysis $BTC
Bitcoin's daily line retraced to around 86000 and closed with a pin bar, with increasing buying volume below and a reduced opening on the pullback. The MACD on the smaller four-hour timeframe has hit the bottom, and the KDJ has formed a slight golden cross, indicating a potential rebound in the shorter timeframe. The daily line is still in a bullish trend, but it has already deviated from the lower Bollinger band. Therefore, looking at the indicator patterns, this is a buying signal, which will be accompanied by a rebound on the four-hour level.
Bitcoin's reference for today's fluctuation range:
Support level: around 87100, strong support around 85200: near 81500
Resistance level: around 90000, near 92000
Ethereum's reference for today's fluctuation range:
Support level: around 2430, strong support around 2330: near 2145
Resistance level: around 2450, near 2658
In terms of news impact, the spot ETF continues to see outflows, and a large amount of Ethereum in the hands of hackers has become a potential market bomb. During the decline, giant whales are still buying Bitcoin. From the perspective of the time cycle, Bitcoin's bull market has not ended. From the daily indicators, Bitcoin has currently broken the bull-bear boundary. The strength of today's rebound is crucial to see if it can successfully recover. Cryptocurrency is highly volatile, especially after breaking key levels on the daily chart; everyone should manage their positions well and implement risk control. There is oil in the downturn, and goods in the upturn; avoid heavy operations with full positions.