PANews reported on February 24th, citing Cointelegraph, that Bitcoin approached $60,000 during the opening session on Wall Street on Tuesday, with a daily drop of nearly 3%. Analysts warned that the 200-week exponential moving average has transformed from a support level into a potential resistance level, and a confirmed breach at the weekly close could trigger further downward acceleration. Trader Jelle stated that the trend remains downward, and a rebound can only be discussed after the $60,000 mark is broken.

Macroeconomic markets were generally under pressure, with gold falling 2% to $5,140 and US stocks opening lower, mainly due to the situation in Iran and the new US tariff policy. Kobeissi Letter, an analysis firm, pointed out that the market lost $800 billion in market capitalization due to excessive concerns about AI, and such "overly consistent expectations" rarely succeed. Trader Crypto Scient is focusing on the "fair price gap" around $45,000, stating that low-liquidity areas formed after a rapid price move out of a range are usually filled, and this area is expected to be reached before a meaningful bottom is formed.