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28.02.202509:38 Forex Analysis & Reviews: Trading Recommendations for the Cryptocurrency Market on February 28

Bitcoin has fallen to a new low, reaching $79,000 today. This drop is a considerable correction given the market movements this week. If there are any remaining buyers, now might be the time to consider buying the dip, as further declines could become increasingly risky. Personally, I anticipate one final downward movement before strong buying pushes the price back up to around $85,000. Unfortunately, there's currently no discussion about breaking and holding above $90,000.

Exchange Rates 28.02.2025 analysis

Ethereum has also taken a significant hit, falling to $2,080. The $2,100 zone is the breakeven point for long-term Ethereum holders, so defending the $2,000 level will be the top priority soon. However, I anticipate that this level will be tested, and stop orders will be triggered below it before we see a rebound. The best entry points for long positions would be after this scenario plays out, with a return to $2,100.

Today, important inflation data will be released in the U.S. If inflation rises, there will be fewer reasons to buy risk assets like Bitcoin and Ethereum and fewer incentives for the Federal Reserve to continue cutting interest rates. Higher inflation will force the Fed to maintain a tight monetary policy, reducing the appeal of alternative assets. Bitcoin and Ethereum may face renewed selling pressure in this environment as investors shift towards safer instruments. On the other hand, if inflation comes in lower than expected, it could pave the way for Fed policy easing, which could boost the crypto market.

Various factors also affect cryptocurrency trends, including geopolitical tensions, regulatory changes, and advancements in AI technology. Even if inflation data is positive, market corrections should not be overlooked.

In terms of my intraday strategy in the cryptocurrency market, I will continue to take advantage of any significant dips in Bitcoin and Ethereum, as I expect the medium-term bull market to remain intact.

For short-term trading, I have outlined my strategy and conditions below.

Exchange Rates 28.02.2025 analysis

Bitcoin

Buy Scenario

Scenario 1: I will buy Bitcoin today if it reaches the $81,100 entry point, targeting an increase to $85,200. Around $85,200, I will exit purchases and sell on the rebound. Before buying on a breakout, I will ensure that the 50-day moving average is below the current price and that the Awesome Oscillator is in the positive zone.

Scenario 2: Bitcoin can also be bought at the lower boundary of $78,700 if there is no reaction to its breakout, with targets at $81,100 and $85,200.

Sell Scenario

Scenario 1: I will sell Bitcoin today if it reaches the $78,700 entry point, targeting a decline to $76,600. Around $76,600, I will exit sales and buy on the rebound. Before selling on a breakout, I will ensure that the 50-day moving average is above the current price and that the Awesome Oscillator is in the negative zone.

Scenario 2: Bitcoin can also be sold at the upper boundary of $81,100 if there is no reaction to its breakout, with targets at $78,700 and $74,600.

Exchange Rates 28.02.2025 analysis

Ethereum

Buy Scenario

Scenario 1: I will buy Ethereum today if it reaches the $2,157 entry point, targeting an increase to $2,264. Around $2,264, I will exit purchases and sell on the rebound. Before buying on a breakout, I will ensure that the 50-day moving average is below the current price and that the Awesome Oscillator is in the positive zone.

Scenario 2: Ethereum can also be bought at the lower boundary of $2,081 if there is no reaction to its breakout, with targets at $2,157 and $2,264.

Sell Scenario

Scenario 1: I will sell Ethereum today if it reaches the $2,081 entry point, targeting a decline to $1,993. Around $1,993, I will exit sales and buy on the rebound. Before selling on a breakout, I will ensure that the 50-day moving average is above the current price and that the Awesome Oscillator is in the negative zone.

Scenario 2: Ethereum can also be sold at the upper boundary of $2,157 if there is no reaction to its breakout, with targets at $2,081 and $1,993.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Miroslaw Bawulski,
Analytical expert of InstaSpot
© 2007-2025
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