The essence of trading is survival, followed by 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.

I am a warrior in the cryptocurrency community, always protecting the investors. I wish my followers financial freedom by 2025. Let's work hard together!

Cryptocurrency Community Expert: March 6, 2025 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 89,000. It is now 2:30 AM Beijing time. The daily K-line reached a high of 91,000. Yesterday at 3 AM, I provided the strategy to go south above 90,000. The price has successfully reached from 89,000 to 88,000. Short positions should not be held for too long. Currently, it seems difficult for the market to break 95,000 before the non-farm payrolls, and it is expected to consolidate around 92,000 until the non-farm data is released. As for the entry point around 83,000 from the day before yesterday, there is no rush to exit. After reaching around 92,000, you can consider taking some profits, while the rest can be held to see if it reaches 95,000. Since you are already in, do not frequently exit; keep a portion of your base position.

The trend indicators show that the overall trend of the EMA is contracting. Each time a hand operation occurs, there tends to be several days of consolidation. The upper pressure level to watch is the EMA60 key point between 94,500 and 95,000. The MACD is continuously reducing volume and increasing positions. After the DIF and DEA stabilize above 90,000, there is a high probability of forming a golden cross and a bullish trend. Coupled with the energy indicators responding to each other, remember that a large and a small energy indicator golden cross is significant. The Bollinger Bands are expanding, and the mid-band pressure level has reached 92,100, which has obvious resistance.

The four-hour K-line triangle convergence can be referenced. The K-line reached the EMA trend line contraction pressure level of 91,000 and was then pushed down to retest the EMA support at 87,700. This type of convergence market can easily lead to false breakouts. Regardless of whether the pressure level is broken or the support is breached, do not rush to act. Wait for a retest, and only act after the retest is confirmed. The MACD shows increasing volume and upward expansion, with the DIF and DEA diverging. The Bollinger Bands are consolidating, and the K-line is continuously standing at the mid-band of 88,000, forming a short-term consolidation trend. There will not be significant fluctuations during the day; we still need to wait for the non-farm payrolls on Friday. The short-term pressure and support levels have been identified and can be used for ultra-short strategies.

Short-term strategy reference: (Consolidation) The market is never 100% certain, so always set stop-losses. Safety first; small losses with big gains are the goal.

For northward testing, entry points are 87,000 to 86,500, with a stop-loss at 86,000, risking 500 points. The target is 88,000 to 89,000, with a breakout target of 90,000 to 91,000.

For southward testing, entry points are 91,500 to 92,000, with a stop-loss at 92,500, risking 500 points. The target is 89,000 to 88,000, with a breakout target of 87,500 to 87,000.

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 your own issues and 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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