The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the cryptocurrency community may not make you rich overnight, they can help you persist. Only those who survive in the cryptocurrency space for the long term and stick it out until the end can achieve the results they desire. I hope you understand.
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Cryptocurrency Community Expert: March 7, 2025 Bitcoin (BTC) Latest Market Analysis
The current price of Bitcoin is 89,000. It is now 2 AM Beijing time. The daily K-line reached a high of 92,800. Yesterday, I took profits at 92,000, securing a gain of 9,000 points, and then reversed southward, defending 92,500, which has already entered the market. For specific details, you can refer to yesterday's article. Additionally, for those entering the market, be reminded not to hold too long when going south; taking profits around 88,000 is already quite good. From an overall trend perspective, the downward space is not as large as the upward space. Moreover, there is already over 4,000 points of profit secured, so it’s wise to take profits. This long and short position of 13,000 points is sufficient.
First, let's look at the current trend of the daily K-line. After a false break of the EMA30 trend line at 92,600, a long upper shadow appeared, and it began to break below the 90,000 mark. There is a possibility of further probing the bottom, as the larger trend is starting to contract. We are waiting for today's non-farm payroll data to be released. If the MACD volume contraction ends and starts to expand, as long as the main force holds the support point at 87,000, a golden cross between DIF and DEA will form, further enhancing bullish momentum. The Bollinger Bands are still bearish. The K-line breaking through the middle track at 91,800 and then retreating indicates that the pressure above 92,000 is effective. Taking profits at 92,000 when going north is wise, and going south is also wise. Currently, there is already over 3,000 points of space for everyone to manage.
The four-hour K-line triangle trend pressure point is effective. Yesterday's title mentioned triangle contraction. If the upper pressure point is effective, then the lower triangle support at 84,000 can be used as a reference for a northward entry point. If it breaks below 84,000, consider trying a long position. For now, focus on going south. The EMA30 trend support is at 88,600. The MACD volume is decreasing, and the DIF and DEA are contracting downwards. The Bollinger Bands are also contracting. The upper track pressure point is at 93,500, the middle track support is at 98,000, and the lower track northward entry point is at 82,500. If you haven't entered before the non-farm payroll, it's advisable not to enter now. For those who have already entered going south, be prepared for a pullback and take profits.
Short-term strategy reference: The market is never 100% certain, so always set stop-losses. Safety first; small losses and big gains are the goal.
Northward trial entry point: 84,000 to 83,000, with a defense at 81,000, stop-loss at 500 points, target at 85,500 to 86,500, and if broken, look at 87,500 to 89,000.
Southward trial entry point: 92,000 to 92,500, with a defense at 93,000, stop-loss at 500 points, target at 91,000 to 90,000, and if broken, look at 88,500 to 88,000.
Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication; the suggestions are for reference only, and risks are borne by the reader.
This article is exclusively contributed by the Cryptocurrency Community Expert and represents the expert's unique viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The expert also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Hard work is rewarded, integrity is valued, and excellence is pursued. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Cryptocurrency Community Expert wishes you happy investing!
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