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According to the market data from Gate.io, <a  rel="nofollow noopener noreferrer"  href="/trade/BTC_USDT?ch=ann6192" target="_blank" class="blog_inner_link">BTC</a> is currently priced at $89,386, with a 24-hour decline of -6.46%. After three months, BTC has dropped back below $90,000, and market sentiment has entered an extremely fearful stage. The current market cap of BTC is $1.77 trillion, and BTC's dominance has surpassed 61%. Meanwhile, ETH's market share has officially dropped below 10% today.

![](https://gimg2.gateimg.com/image/article/1740474448bitcoin.png)

Last week (2025.02.17-2025.02.23), BTC ETF saw a weekly outflow of 552 million US dollars. BTC ETF has experienced net outflows for two consecutive weeks, and the slowing trend of BTC ETF fund inflows since 2025 has not reversed. Last week, BTC remained in a narrow range of 94,000 to 98,000 US dollars, while BTCD has been maintained at above 60%. From a technical perspective, the market may only see a reversal after BTCD rises above 65%. On the news front, Michael Saylor's MicroStrategy continued to increase its <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> holdings by 2 billion US dollars. In terms of sentiment, the overall market sentiment was low this week, with most market funds in a wait-and-see mode. In the short term, BTC is expected to continue its downward trend in a volatile manner. According to the AHR999 index, the current price of BTC has entered the dollar-cost averaging zone for long-term believers.

## BTC market analysis

### Trading data

- Current price: 89,386.36 USDT
- 24-hour price change: -6.46%
- 24-hour high: 96,150.07 USDT
- 24-hour low price: 88,153.48 USDT
- Support level: 89,479.6 USDT
- Resistance level: 94,923.6 USDT
- Market Sentiment: Fear Greed Index 25

### technical indicators

- Bullish indicator: touching the lower Bollinger Band may lead to a rebound.
- Bearish indicator: RSI overbought, may face a pullback.

## Trading Strategy Recommendations

### Strategy 1: Rebound trading strategy

- Direction: Long
- Entry price: 89,500 USDT (close to support level)
- Stop Loss Price: 88,000 USDT (below support level)
- Target price: 94,500 USDT (close to resistance level)

Reason: The current market is in a state of extreme fear, which usually means the market may be undervalued and there is a chance of a rebound. The Bollinger Bands touch the lower track, indicating that the price may rebound. Choose to enter near the support level, the risk is relatively low.

## Strategy 2: Short-term bearish strategy

- Direction: Bearish
- Entry Price: 93,000 USDT (near resistance level)
- Stop loss price: 94,500 USDT (above the resistance level)
- Target price: 89,000 USDT (near support level)

Reason: The RSI indicator shows an overbought status, which may cause a price pullback. Enter near the resistance level to take advantage of a possible reversal in the market. Set a stop loss to control the risk and ensure a timely exit if the price breaks through the resistance level.

## Future Outlook of BTC

From the current technical and market sentiment perspective, BTC may continue to maintain a downward trend in the short term. After BTCD may rise to more than 65%, the market may usher in a reversal. At the same time, as the price approaches the support level, there is still an opportunity for a rebound, and investors can look for entry opportunities at the low level.

Overall, BTC is currently facing a market environment of oscillation and downward trend in the short term. [Price Trend](/price-prediction) It may still be affected by capital outflows and market sentiment. However, as the price approaches support levels, there is still potential for a rebound, investors should closely monitor changes in market sentiment and technical indicators, and adjust their strategies flexibly.

<div class="blog-details-info">
<div>Author: **Icing**, Gate.io Researcher
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions. Investment involves risks and users need to make careful decisions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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BTCs current price has entered the long-term believers dollar-cost averaging zone.

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BTC Breaks Below $90,000 Mark, Is It Time to Buy the Dip?