Track the current trends in the world of cryptocurrencies, use the best opportunities for trading. Today is February 17, 2025, Monday. I am Van Yibo! GM, friends! Accept greetings from iron fans, give likes and earn big money.


💎
💎
The cryptocurrency market has been trading sideways for a long time, spanning three months, and it appears that the market is in a state of stagnation. Many people, looking at this situation, cannot help but ask: will the overall market continue to decline, or will it suddenly explode at some point, bringing a wonderful recovery? This question concerns not only technical charts but also market sentiment, capital placement, and macroeconomic changes. Sideways movement may be just a phase of building strength. Many institutional investors are quietly positioned at low levels, and if the market receives positive news, the price of bitcoin could suddenly surge, starting a new growth cycle. The global economic environment and policy changes also constantly influence market movements. Recently, the prospect of ending the war between Russia and Ukraine has become more apparent, and the recently revealed significant inflation growth in the US has led to a significant cooling of expectations for a Fed rate cut, which is a major reason for the recent stagnation in cryptocurrency prices, but with positive news, expectations for the future have improved. Now the key is patience in holding positions!
💎
💎
Over the weekend, the trading sentiment in the market turned cautious, and prices mostly remained in a sideways channel. Bitcoin held around the level of 96500 and continued to consolidate. Recently, the price of Bitcoin has been confined within a sideways channel, constantly bypassing it, and failed to provide an effective breakthrough. On the daily chart, mood swings were constantly occurring, each time facing pressure after a rise, resulting in selling pressure, and with increasing volumes of sales, additional pressure was created. With sales support at high levels, further decline can be expected in the short term. In the short term, resistance for Bitcoin continues at the level of 98500, support at the level of 95000, and recently the market has been in a state of sideways consolidation, with minimal hourly trading volume, reflecting a noticeable anticipation; daily trading volume has also decreased, creating conditions for a temporary ceasefire. Therefore, in the short term, the operational strategy remains stable, expecting market changes and fluctuations.
💎
💎
Ether is trading around the level of 2680. The overall market situation is forming a power accumulation in preparation for a fight. On the 4-hour chart, the coin price fluctuates around the Bollinger Band's middle line, indicating a volatile state in the short term within a limited range. Considering the mixed situation on the daily chart, the formation of a loop in this range is possible in the short term. However, structurally, optimism prevails on the bullish side, and it is expected that after repeated attempts, the price will rise again. Currently, the coin price fluctuates around the middle line, so it is recommended to actively open long positions in early trading.#AI Coins Fluctuate: Which Do You Favor? #Crypto Downturn: Hold or Sell?
HOLD-0,03%
View Original
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
  • 1
  • 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)