February 24, 2026, Bitcoin Analysis

Cheng Jingsheng first sends New Year’s greetings: Wishing everyone a smooth Year of the Horse, profitable investments with no losses, long-term gains in accounts, and safe transactions!

Yesterday, Bitcoin experienced a sharp decline, dropping over 5% throughout the day, breaking below $65,000, with a low around $64,200. Over 130,000 traders were liquidated, and market panic was at its peak. Due to uncertainties in US tariff policies and geopolitical tensions, funds moved into gold; Bitcoin spot ETFs continued to see net outflows, institutions are not buying, profit-taking at high levels is fleeing, and multiple negative factors are pressuring the market.

Currently, Bitcoin is oscillating weakly around $64,000, with strong support at $64,000. Breaking below that could lead to further declines; resistance is at $66,500–$67,000. Without volume confirmation, don’t expect a big rally. Short-term indicators are bearish, and rebound strength is limited, which is normal.

Short-term trading advice: Beginners should avoid bottom-fishing recklessly! Keep positions light and avoid high leverage. If the price rebounds to around $63,800–$64,600, consider adding small positions, targeting around $62,400–$61,080. Control your hands, watch more, act less, and wait for a clear trend before making moves.

The short-term outlook is biased toward sideways movement, with unstable news and no technical strength shift. Risk management is the top priority. Wishing everyone a smooth and profitable New Year of the Horse!

The above is only personal advice for reference and does not constitute investment guidance. Please follow Cheng Jingsheng’s strategic layout for specific decisions!$BTC ‌#BTC