Bitcoin (BTC/USD) Technical Analysis & Trading PlanBitcoin (BTC/USD) Technical Analysis & Trading Plan – February 28, 2025
Market Overview
The Bitcoin (BTC/USD) price is currently trading at $79,770, showing a -0.74% decline in the latest 4-hour candlestick. The chart illustrates a falling wedge trading pattern, which is considered a bullish reversal signal. The price is approaching the lower boundary of the wedge, signaling a potential breakout to the upside.
Technical Indicators & Key Observations
Falling Wedge Pattern:
The price has been making lower highs and lower lows within a falling wedge formation (red and green trendlines).
A breakout above the upper boundary of the wedge could trigger a strong bullish rally.
Support and Resistance Levels:
Immediate support: $76,665
Major support: $67,679
Key resistance levels:
$88,671
$91,271
$95,497
$108,329 (Major long-term resistance)
Momentum Indicators:
RSI (Relative Strength Index): 22.26 (oversold), indicating potential upward momentum.
Stochastic Oscillator: 16.14, also in the oversold region, confirming a possible reversal.
Money Flow Index (MFI): Showing weak inflow, but a reversal at these levels could indicate increasing buying pressure.
Cipher_B Divergences: Potential bullish divergence forming, adding confluence to the breakout scenario.
Professional Trading Plan
Entry Strategy
Aggressive Entry: If Bitcoin closes a 4-hour candle above the wedge's upper trendline (~$80,500), an early entry can be considered.
Conservative Entry: Wait for confirmation above the $82,000 level with strong volume before entering a long position.
Profit Targets
First Target: $88,671 (previous local high)
Second Target: $91,271 (psychological level)
Third Target: $95,497 (strong resistance)
Ultimate Target: $108,329 (major long-term resistance)
Stop-Loss Strategy
For aggressive traders: Below $76,500 (recent low)
For conservative traders: Below $74,000 to reduce risk exposure
Risk Management
Risk-to-reward ratio: 1:3 or higher (entry should be calculated to maintain proper risk-reward)
Position Sizing: Allocate 2-5% of capital to this trade, considering volatility.
Conclusion
Bitcoin is currently trading at a critical support level within a falling wedge. The RSI, Stochastic, and MFI indicators suggest oversold conditions, indicating a potential bullish breakout. Traders should watch for a confirmed breakout above the wedge with strong volume before entering a position. Targets remain between $88,000 and $108,000, with well-defined stop-loss levels to minimize risk.
💡 Recommendation: Monitor price action closely, especially in the next few 4-hour candles. If BTC breaks above the wedge, prepare for a bullish move towards resistance levels.
Trading
Gold Analysis February 27⭐️Fundamental Analysis
The US dollar (USD) gained positive traction for the second consecutive day amid a slight rise in US Treasury yields and a further move away from the lowest level since December 10. This, coupled with the generally positive risk sentiment, turned out to be a major factor exerting downward pressure on the precious metal.
However, uncertainty over US President Donald Trump's tariff plans and trade war fears could continue to act as a bullish driver for Gold prices. Additionally, expectations that the Federal Reserve (Fed) will cut interest rates further amid signs of a cooling US economy and growth concerns could limit losses for the non-yielding bullion. Traders may also opt to wait for the US Personal Consumption Expenditures (PCE) Price Index due on Friday.
⭐️Technical Analysis
Gold price is pushed below 2900 by the sellers. The current notable border zone is 2890 and 2905 when the candle closes above or below this border, it confirms the next trend and we can fomo when breaking out. Gold in the European session does not close above 2898, there is a high possibility of continuing to fall until the US session enters the market. The 2872 zone is considered an important support zone that can push gold prices from a long slide. Resistance when breaking the border is noted at 2920-2943.
Nightly $SPY / $SPX Scenarios for 2.28.2025 🔮 🔮
🌍 Market-Moving News 🌍:
🇺🇸📈 PCE Inflation Data Release 📈: The Federal Reserve's preferred inflation measure, the Personal Consumption Expenditures (PCE) Price Index, is set to be released. Economists predict a 0.3% rise in January and a 2.5% year-over-year growth. This data will provide insights into inflation trends and potential monetary policy adjustments.
🇺🇸🛒 Consumer Spending Trends 🛒: Personal income and spending data for January will be released, offering a glimpse into consumer behavior amid ongoing economic uncertainties. Analysts anticipate a 0.4% increase in personal income and a 0.1% rise in personal spending.
📊 Key Data Releases 📊:
📅 Friday, Feb 28:
💰 Personal Income and Outlays (8:30 AM ET) 💰: Reports on personal income, consumer spending, and the PCE Price Index for January.
🏠 Pending Home Sales Index (10:00 AM ET) 🏠: Measures housing contract activity, providing insights into the real estate market's health.
📌 #trading #stockmarket #tomorrow #news #trendtao #charting #technicalanalysis
EUR-NZD Short From Resistance! Sell!
Hello,Traders!
EUR-NZD keeps going up
Just as I predicted but will
Soon hit a horizontal resistance
Of 1.8544 from where we will
Be expecting a local bearish
Correction and a move down
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
SILVER SUPPORT AHEAD|LONG|
✅SILVER is approaching a demand level of 30.80$
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bullish bandwagon just on time to get the best
Risk reward ratio for us
LONG🚀
✅Like and subscribe to never miss a new idea!✅
EUR-CHF Bearish Breakout! Sell!
Hello,Traders!
EUR-CHF is going down
And the pair made a bearish
Breakout of the key horizontal
Level of 0.9370 and the
Breakout is confirmed so we
Are bearish biased and we
Will be expecting a further
Bearish move down
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
BTCUSD UPCOMING TREND UPWARD READ IN CAPTION Bitcoin (BTC/USD)* currently at *83,918*, with key levels marked for potential trades. The *resistance* is at *92,026*, while the *support zone* is near *76,129*. The price is expected to test the *resistance* before potentially moving down to the support. Watch for a possible *bullish move* towards *92,026* or a *downward correction* to *76,129
#TAOUSDT – Fast Trade, Monitoring Price Action📉 SHORT BYBIT:TAOUSDT.P from $340.00
🛡 Stop Loss: $354.55
⏱ 1H Timeframe
⚡ Trade Plan:
✅ The BYBIT:TAOUSDT.P price is forming a downtrend after breaking a Falling Wedge pattern.
✅ The asset is trading below POC (Point of Control) at $363.85, confirming seller dominance. ✅ After forming a double bottom (Bottom 1 & Bottom 2), the price tested resistance but failed to hold above it.
🎯 TP Targets:
💎 TP 1: $334.00
🔥 TP 2: $328.00
⚡ TP 3: $321.00
📢 This is a fast trade – it's crucial to monitor the coin's behavior and quickly adjust take-profits.
📢 A close below $340.00 would confirm further downside movement.
📢 POC at $363.85 is a key volume area where sellers are in control.
📢 Increasing volume on the drop supports the bearish outlook.
📢 Taking partial profits at TP1 ($334.00) is a smart risk-management strategy.
🚨 BYBIT:TAOUSDT.P remains in a downtrend – monitoring for confirmation and securing profits at TP levels!
XAUUSD strong down opportunity soon 1. Trendline Validity
The current trendline is drawn as a downward channel. However, are there enough touches to validate it as a strong trendline? Sometimes, trendlines can be subjective and might not hold.
2. Support & Resistance Strength
The chart marks a "strong selling zone" at resistance, but does it have historical significance? If this level hasn’t been tested multiple times, it might not be as strong.
The support area is expected to hold, but gold is volatile. Is there a fundamental reason supporting a bounce from there?
3. Alternative Scenarios
What if gold breaks out of the downtrend instead of continuing lower? A breakout above resistance could invalidate the bearish expectation.
Instead of a clean bounce at support, price could consolidate sideways or even break below.
4. Fundamental Factors
Are there any upcoming economic events (such as FOMC meetings, CPI reports, or geopolitical tensions) that could disrupt this technical setup?
EURNZD Trading Opportunity! SELL!
My dear friends,
Please, find my technical outlook for EURNZD below:
The instrument tests an important psychological level 1.8442
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.8346
Recommended Stop Loss - 1.8496
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
———————————
WISH YOU ALL LUCK
NZDJPY Will Explode! BUY!
My dear subscribers,
My technical analysis for NZDJPY is below:
The price is coiling around a solid key level - 84.820
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 85.665
My Stop Loss - 84.404
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
———————————
WISH YOU ALL LUCK
NZDCHF The Target Is UP! BUY!
My dear subscribers,
This is my opinion on the NZDCHF next move:
The instrument tests an important psychological level 0.5091
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.5121
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
———————————
WISH YOU ALL LUCK
EURUSD Sellers In Panic! BUY!
My dear friends,
Please, find my technical outlook for EURUSD below:
The price is coiling around a solid key level - 1.0435
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.0464
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
USDJPY Trading Opportunity! BUY!
My dear friends,
Please, find my technical outlook for USDJPY below:
The instrument tests an important psychological level 154.45
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 155.02
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
———————————
WISH YOU ALL LUCK
AUDUSD STRONG FALL SOON OPPORTUNITY 1. Breakout Above Resistance
The analysis assumes a rejection at the resistance zone, leading to a downtrend. However, if bullish momentum builds, the price could break above resistance, invalidating the sell-off expectation.
2. Support Might Not Hold
The marked support zone might be weak if there is strong bearish sentiment, leading to a potential breakdown rather than a reversal from that level.
3. Range-bound Market
Instead of a clear breakout or breakdown, AUD/USD might stay within a sideways range, consolidating between support and resistance rather than making a decisive move.
4. Fundamental Factors
Economic data releases, central bank policies, or geopolitical events could override this technical setup, causing unexpected price movements in either direction.
GBPCHF Expected Growth! BUY!
My dear followers,
This is my opinion on the GBPCHF next move:
The asset is approaching an important pivot point 1.1317
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.1355
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
Btcusd strong analysis opportunity 1. Breakout Possibility Above Resistance
The analysis assumes a rejection at the resistance zone, but Bitcoin could break above it instead, leading to a bullish continuation rather than a reversal.
2. Stronger Support Holding
The projected drop might not occur if the support zone proves stronger than expected, leading to a bounce instead of a decline.
3. Market Volatility & Fundamentals
Bitcoin often moves based on macroeconomic factors, news, or liquidity shifts. A sudden surge in demand could invalidate this technical setup.
4. Inverse Head & Shoulders Formation
If price action forms a higher low, it could indicate accumulation rather than a sell-off, meaning a push toward new highs instead of a decline
SLIVER STRONG DOWN OPPORTUNITY 1. Resistance Breakout Possibility
The analysis assumes a rejection at resistance, leading to a drop. However, if bullish momentum increases and breaks the resistance, it could trigger a strong rally instead of a decline.
2. Support Weakness
The support area identified might not hold if there's strong bearish pressure. If the price falls sharply, it could break support instead of bouncing, leading to further downside.
3. False Breakout Risk
The projected downtrend might be a false move, where price briefly dips but then rebounds, trapping sellers before reversing to the upside.
4. Market News & Fundamentals
DXY Is Going Up! Long!
Please, check our technical outlook for DXY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 106.184.
Considering the today's price action, probabilities will be high to see a movement to 107.245.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
CRUDE OIL (WTI): Waiting For a Signal to Buy
WTI Crude Oil is stuck on a major rising trend line on a daily.
To buy the market with a confirmation, I am waiting for a bullish
breakout of an intraday 4H resistance.
4H candle close above 69.3 will be a strong bullish signal.
A bullish continuation will be expected at least to 69.9 level then.
❤️Please, support my work with like, thank you!❤️