Bitcoin (BTC) Market Daily Report on February 24, 2025
Core Data Current price: $95,534 (down 1% in 24 hours), fluctuation range of $95,270-96,594, failed to stand firm at the $100,000 mark. Support/Resistance: Support: 94,000-94,500 (chip zone), 95,000 (psychological position) Resistance: 97,000 (short-term selling pressure), 98,892 (technical position), 100,000 (strong resistance)
Technical Analysis Indicator Signal: MACD (4 hours): Bullish momentum weakens, histogram turns from positive to negative, trend to be confirmed. KDJ: Neutral range oscillation (33-41), no clear direction signal. Form: Multiple V-shaped reversals + head and shoulders bottom, $90,000 support is valid. Long and short focus: Long: Breaking through $98,892 may hit $100,000, and the tightening supply on the ETH chain boosts confidence. Short: ETF net outflow of 510 BTC, liquidity risk suppresses rebound.
Market sentiment and funds Sentiment: The greed index rebounded to neutral and bullish, but there was a clear divergence between institutional reduction and retail investors chasing up. Fund movement: BTC liquidation: 24-hour liquidation of $25.08 million, with short orders accounting for 62%. ETH movement: Exchange inventory hit an 8-year low (11% of circulation), long-term bullish. Altcoin: ETH fell 2%, SOL/XRP followed the decline of 1-5%, and funds turned to LTC and other compliant expected targets.
Short-term trend forecast Bullish (35%): Stabilize $98,892 and break through with large volume, with a target of $100,000. Oscillation (50%): 94,000-97,000 range consolidation, waiting for direction signals. Pullback (15%): Fall below the support of 94,000 USD and test 92,000 USD.
Operation strategy Aggressive: Long order: 94,500-95,000 light position to try long, stop loss 94,000, target 97,000. Short order: Rebound short near 97,000, stop loss 98,000, target 95,000. Steady: Increase position after the range breaks through, and allocate 5%-10% position in LTC/BTSE to hedge risk.
⚠️ Risk warning Policy: SEC has doubts about the approval of SOL/XRP ETF, and LTC has a higher probability of passing. Technology: A breakthrough of $100,000 without volume may trigger a flash crash. Position: Single currency ≤10% position, leverage must set a hard stop loss.
Yesterday afternoon, I analyzed the situation of Erbing for my brothers in the live broadcast room, and I gave everyone a very clear analysis The market of Erbing near the pressure level of 2500 is rushing back to the support level near 2450, and it is also accurately stepping back and pulling up the rebound. Yesterday, the long orders near 2450 made money again. The overall running trajectory of Erbing is within the box that we analyzed for my brothers in the live broadcast room yesterday.
Current market
Short-term support level 2436-2460 range Short-term pressure level 2590-2618 range
Short-term trend: The overall box state of 2460~2600 points is maintained, and the probability of short-term retracement to 2460 and secondary pull-up is relatively high.
The overall volatility of the big cake is not big, and we continue to make orders according to our points yesterday.
Current focus The short-term Yali node has dropped to 66,200-66800
The support node is still around 64,000 points~64,600.
Short-term and limited support level 62380-63000 (lower track support of the descending channel)
Short-term trend: There is a high probability that it will rebound around 64,300 for the second time. Break situation: If the market falls below 64,000, it will rebound to 62,800 [bow]
The two-cake market had two consecutive impacts yesterday. We arranged the Yali position for the brothers in the live broadcast room and in the blog post. The 3580~3620 range oscillated and pulled back, and the dog village was played twice in a row.
The current overall pattern has a weak-to-strong market and attacked the 3600 port again. The current focus is on the high point of June 17, which is around the Yali position of 3635-3675
The short-term support level focuses on 3410~3450 (slowly moving up)
Short-term trend: There is a high probability of a high of 3650 and a waterfall.
I said it in front of 20,000 to 30,000 brothers in the live broadcast room yesterday. Dabingzi is still very weak and has no rebound. It will continue to fall back to the support level below 67,000.
The market really fell back to around 66,300 last night and is currently fluctuating at 66,800.
Overall, it is still hovering in our short-term support range of 66200-66800. Pay attention to the extreme support around 65,000 points, which is the short-term extreme position of Dabingzi
The second cake rebounded weakly in the short term yesterday at our short-term support level, which is between 3450 and 3480. It is still fluctuating at this position. This position is the half-year line support level at the daily level. At present, this position has been stepped back three times in a row and there is a possibility of breaking!
Therefore, you can arrange the short-term extreme line support between 3350 and 3380, and wait for the big positive line to rise!
Yesterday, the big pancake hit 69,800. After all, the 70,000 integer mark, the air force began to exert force again, wiping out all the gains and bottoming out near 67,000. The overall fluctuation of the market is very intense. However, the overall pressure and support changes are not very large.
Continue to pay attention to 66,380~67,000 short-term support 68,800~69,300 short-term Yali Short-term trend: It will probably fall back to around 67,000 for the second time to shock above 68,000.
The price of the second cake hit our Yali range of 3650 yesterday and then the waterfall exceeded 150 ingots. This has been publicly emphasized in front of 30,000 brothers in the live broadcast room. Congratulations to the brothers.
The current second cake has fallen below the 3500 mark again, and the overall situation is still relatively weak!
Pay attention to the short-term support of 3430-3465 The short-term market is likely to rebound from this position for the second time
After hitting 66,000 overnight, the big expression rebounded and is currently fluctuating around 67,300. The market hit the daily level half-year line support level yesterday, which is around 66,500 and rebounded weakly!
The current rebound strength is not very strong, so the shorts may counterattack. Therefore, the subsequent market will probably hit this position twice, which is between 66,000 and 66,500 and fluctuate and rebound.
The shape of the second cake is similar to that of the big cake. Both of them broke through the daily level and then stepped back to the half-year support level of the daily level [bow]
The current half-year support level is near the 3360~3400 point range that we emphasized to the brothers yesterday. At this position, the market will probably step back twice and then the bulls will rebound strongly
The market of the second cake has just continued to bottom out and rebounded at the integer mark of 3500 points. The market has adjusted a lot from the high point to now. The big cake also resonated and stepped back to the integer mark of 67,000. Current focus is that the market in the range of 3500~3550 is likely to rebound at this position. The extreme support level of the second cake is around the range of 3390~3430, but the possibility of a short-term correction to this position is not very high. Once a correction occurs, a violent rebound will occur.
Brothers, the market is still relatively weak, and the price of Bitcoin is still falling. According to the current market and volume, the market is going to reach the half-year support of Bitcoin's daily level, which is around 67,000. The current support range is between 66,700 and 67,350. The market is likely to rebound from this position. Keep an eye on the market, and if it pulls back to 67,000, you can go long.
In the live broadcast room for two consecutive days, including in the text analysis, we have repeatedly emphasized to the brothers that the support level of Dabing is around 68,500. The market really fell back to around 68,500 last night and then pulled up, rebounding more than 1,000 points [heart]
If the support range of 68,000~68,700 is not broken, the market will continue to attack and rebound around 71,500. Once it falls below the Yali, it will break down and enter a new box [bow]
The Erbing market did not fluctuate much overnight, and it was still oscillating within yesterday's box. Positive stimulus is also useless, because the increase in the past few days was too large, and the short-term is basically in place in one step [heart]
Currently continue to pay attention to Short-term Yali 3850~3890 Short-term support 3520~3560 (channel line support) Short-term trend: high probability of a high of 3850 and a callback waterfall [bow]
Bitcoin is still fluctuating in a weak trend Another tip for you guys [Heart] Continue to pay attention to the support level of 68,000~68,700 If this level is not broken, the market will still rebound to above 70,000! Once this level is broken, the market will break down to 66,500.
Yesterday, Erbing broke through 3750 and rushed to 3850, with a violent waterfall of nearly 200 points Currently, continue to pay attention to this position That is, 3850-3890 This is a key Yali node. The market is likely to rush to this position for the second time It is likely that it will not pass [Heart]
If it breaks through 3900 with large volume, it can challenge the previous high of 4098, otherwise it is out of the question.
Big Pancake hit a high of around 71,500 last night, but The pullback exceeded 2,500 ingots. I have clearly emphasized this in the live broadcast room and in my blog posts to my brothers [Bow]
The current Big Pancake Yali and support levels have not changed much.
Yali above focuses on 71,500-72,300 The support below focuses on 68,000-68,780 These two ranges will be a box in the short term
The market of the second cake hit a high of 3250 yesterday, and the highest point was 3290 points. It followed the big cake and pulled back the waterfall together. We repeatedly emphasized this range in the live broadcast room a few days ago. We shouted to the brothers to emphasize it, and the market was finally shouted down by me! Current focus 3046-3070 short-term support (Duo Zhiying 3120-3200 nephew 3000) 3200-3235 short-term Yali (Kong Zhiying 3135-3100 nephew 3275) 3330-3375 short-term and weight-limited Yali (Dare Kong Zhiying 3250-3150 nephew 3430) Short-term trend: It is likely to fall back to around 3065 and continue to rebound and pull up! Break situation: If the market breaks through 3260, it is likely to insert a needle near 3350 and a stunning waterfall!
This afternoon in the live broadcast room, I emphasized to my brothers that the short-term support level of the market is around 61300-61900. The market will rebound again near this position. The market just rebounded near this position! However, the rebound strength is a bit weak, and the volume is relatively small, so the short-term momentum is still relatively strong. The short-term extreme support level is around 60,000~60,700. If 61,300 points are lost (after all, it has been stepped back for 5 consecutive times, and there is a possibility of breaking below), the worst case scenario for the market is to take off and rebound at this position.