I. Price Trend and Support Level Observation

Rapid Decline and Consolidation

Starting from a closing price of about $96,000 on February 23, BTC price fell sharply within a few days, dropping to about $84,250 on February 26. Subsequently, from February 27 to March 1, there was a slight rebound and consolidation, indicating that the price established short-term support around $84,000–$85,000. [Key Support Confirmation]

The recent consecutive low points have concentrated around the $84,000–$85,000 area, which can be seen as a recent bullish support zone. Once it closes firmly within this range, it may indicate that buying is starting to intervene and pressure is gradually being digested.

II. Trading Volume and Market Sentiment

Volume Expansion and Subsequent Pullback

During the decline (especially from February 24 to February 25), trading volume significantly increased, reflecting the market's panic selling phase. However, as prices tend to stabilize, trading volume has narrowed in the following days, which often indicates that selling pressure is beginning to bottom out, and buyers are attempting to take control of the situation.
Volume and Price Coordination Signals

If the price rebounds with increased volume near the support level, it will further confirm the effectiveness of the bottom area, providing support for future rebounds; conversely, if the support level is effectively broken, it may trigger a larger decline.


III. Common Technical Indicator Judgments

Dynamic Moving Averages

In the past week, short-term moving averages (such as 10-day and 20-day) have rapidly declined and are converging. If signs of upward reversal appear near the support area, it will help confirm bullish reversal signals.


RSI and Oversold Range
After a significant decline, RSI and other oscillators often enter a low oversold area (such as below 30 or 40), indicating that price recovery may occur in the short term. Pay attention to whether RSI starts to recover and whether there is a bottom divergence phenomenon.
MACD Changes

The MACD histogram turning from positive to negative, shortening, or showing bottom divergence suggests that selling pressure is weakening, indicating that market sentiment is transitioning from extreme panic to stabilization.

IV. Operational Suggestions and Risk Control

1. Phase-by-phase Low-price Layout

The suggested action is 'buy on dips'

If the price stabilizes around $84,000–$85,000 or shows a clear reversal signal, consider building positions in batches. The operation can adopt a gradual accumulation method, participating in potential rebounds while avoiding the risks of lump-sum investment.
Stop-loss Setup

To mitigate risks, it is recommended to set a stop-loss below the support zone (for example, around $82,000) to prevent further declines after a significant breakdown.

2. Short-term Risk Wait-and-see Strategy

Wait for confirmation signals

For short-term traders, if concerned about insufficient reversal strength, a wait-and-see attitude is advisable, waiting for a clear reversal candlestick pattern or technical indicators (such as moving average golden cross, MACD bottom divergence, RSI recovery) near the support zone before deciding to enter.
Segmented Operations to Prevent Secondary Declines

At the current stage, overall market sentiment remains cautious, so it is recommended not to fully invest all at once but to build positions in phases while maintaining a certain degree of flexibility.

3. Preventing False Breakouts

Be cautious of breaking below support risks

Although the $84,000–$85,000 area is a recent support, if it breaks down significantly with high volume in the short term, timely stop-loss is necessary to avoid falling into a downward trend. At this point, consider reducing positions appropriately and look for entry opportunities after the market stabilizes.


V. Conclusion

In summary, in the past week, BTC price has experienced a rapid drop from high levels to a consolidation process around $84,000–$85,000, indicating that the market is looking for support after panic selling. If it can stabilize within this range in the future, there is a possibility of a reversal and stabilization in the short term; at this time, it is feasible to layout on dips and adopt a batch accumulation strategy while setting reasonable stop-loss levels. Conversely, if the support level is effectively broken, timely stop-loss is needed to avoid further decline risks. The overall operational suggestion is: prioritize defense, intervene cautiously, and gradually increase positions after paying attention to reversal signals.

The above conclusion is based on [AI Analysis], which is continuously trained with data and adjusted. The previous article has been successfully validated, and interested friends can study together!
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