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February 25th, Bitcoin and Altcoins Silk Road
Today at noon, the market was very volatile. Influenced by the US tariff news, Bitcoin briefly dropped to around 62,400. After stabilizing sentiment, it quickly rebounded to 66,000. Currently, the competition is very intense. On the four-hour chart, the MACD has already formed a golden cross, and although the middle band of the Bollinger Bands shows some resistance, the price is attempting to break through, indicating a clear rebound signal.
Currently, on the daily chart, Bitcoin is still consolidating sideways, but a doji star indicating a bottom has appeared. Both KDJ and RSI are in oversold zones and are forming a golden cross, suggesting that the buying momentum is accumulating and may soon surge upward.
Trading Recommendations
Bitcoin 63,000–64,000 range, target 66,000–67,000
Altcoins 1,800–1,850 range, target 2,000–2,050
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