Track real-time hotspots in the coin circle, seize the best trading opportunities. Today is Friday, February 14, 2025. I am Wang Yibo! Good morning, coin friends ☀ hardcore fan check-in 👍 like, make a fortune 🍗🍗🌹🌹


💎
💎
A series of economic and financial data that affect the cryptocurrency market have been released. PPI boosts, market sentiment significantly improves, with the three major US stock indexes collectively rising overnight, the S&P 500 rising by 1%, and the Nasdaq rising by 1.5%. Gold is surging towards the $3000 mark, gold mining stocks are making a strong comeback, and both the stock market and Bitcoin are performing even more strongly. The gold market is moving towards the target of $3000 per ounce. In recent years, the gold's performance has been significantly different from other assets due to the buying spree of central banks around the world and the economic uncertainty brought by Trump's policies. Gold mining stocks, which have been lagging behind in 2024, are now catching up and performing excellently. However, in the long run, despite gold continuing to hit historical highs, its increase is still moderate compared to the strong surges of Bitcoin and US stocks.
💎
💎
Bitcoin retraced overnight and rebounded, still oscillating broadly! After experiencing significant oscillations and declines, the price attempted to break through the high point near $98,000 but failed to hold, then quickly fell back. During this time, the bulls attempted to rally several times but were suppressed by the bears, leading to the price falling below several key support levels, finally stabilizing temporarily near $95,000. Recently, Bitcoin's trend has been a bit erratic, but overall it seems to be dragged down by a rope. Although the price occasionally spikes, it is quickly pulled back down shortly after each rise. In short, the market is currently lacking funds and confidence. With a little effort from the bears, the price easily gives way. The candlesticks show a back-and-forth between bulls and bears, with the overall range shifting downwards. The coin price continues to consolidate below the daily midline, with a focus on the breakthrough of the $94,000 support level and $98,000 resistance level. Currently, there are no clear signs of a breakthrough at these two key levels, so it is recommended to continue with a strategy of selling high and buying low.
💎
💎
Ethereum is following a similar trend to Bitcoin. After probing the low point of 2611 in the evening, the bulls ushered in a rebound, currently rebounding to around 2678. From a detailed analysis of the technical architecture, it is not difficult to see that the market is steadily moving along the bullish trajectory, with an unstoppable momentum to reclaim lost ground. Although there are occasional fluctuations in the short term, the overall pattern is stable, and the retracement strength appears particularly mild. The bearish forces are clearly weak, and from a short-term perspective, the bullish strength shows extraordinary resilience. After a retracement, the bulls can quickly rebound and recover, showing a slightly strong trend. Currently, due to the lack of sufficient momentum, the bulls are continuously accumulating strength. The focus is on judging the breakthrough and stabilization of 2720-2750-2800 suppression levels during the intraday trading to determine the future direction.
MAJOR2,76%
S8,32%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)