#BTC
March 2, 2025 – Bitcoin, Intraday Market Analysis
Good afternoon, everyone. Bitcoin has once again made small upward moves. As I mentioned last night, if it stabilizes above 84,900 on the 1-2 hour timeframe, it will likely continue to rise, and it has now reached the first resistance level. There’s not much action expected during the day, so go about your business, but keep an eye on the market tonight—weekend nights often bring significant movements. Bitcoin remains the key indicator to watch.
Previously, I mentioned in a live stream that I would stop covering altcoins. However, after skipping yesterday’s update, I received a flood of messages asking for it, so here it is. That said, my stance remains unchanged: stay away from altcoins! I’ve been saying this for the past couple of years, and it's still worth repeating.
Market Analysis
Currently rising on the 1-2 hour timeframe, with a rebound on the 4-hour timeframe.
Key level to watch: 84,900
If BTC stays above 84,900 on the 4-hour timeframe, the rebound remains intact.
Resistance levels: 86,510 - 87,745 - 89,250
If BTC falls below 84,900, the 4-hour rebound ends.
Support levels: 83,520 - 82,235 - 81,268
