Bitcoin Update 28 Feb 2025

98
๐Ÿšจ BITCOIN UPDATE | 28 Feb 2025 ๐Ÿšจ

Price Action:
โœ… Dropped sharply as predicted, hitting the YELLOW LINE support.
โœ… Weekly Chart: Deep retracement complete.
โœ… Monthly Chart: Shallow retracement โ€” bullish if support holds.

Key Levels:
๐Ÿ”ฅ *Bounce Zone*: Yellow Line = Potential reversal spot.
โš ๏ธ *Risk*: Closing BELOW Yellow Line โ†’ deeper monthly retracement.

BTC.D Signal:
๐Ÿ“Œ Bitcoin Dominance (BTC.D) held steady โ€” *POSITIVE* sign (no major altcoin shift).

Next Steps:
๐Ÿ”Ž Wait for todayโ€™s candle close (28 Feb) to confirm direction.
๐ŸŽฏ Prepare to trade *after confirmation* โ€” first setup in a while!

TL;DR:
Bounce likely if Yellow Line holds. Watch todayโ€™s close!

#Bitcoin #TradingSignals #CryptoAlert

*(Always manage risk!)* ๐Ÿ›ก๏ธ

Let me know if you'd like further tweaks! ๐Ÿ˜Š

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.