Follow the hotspots in real time in the cryptocurrency industry, seize the best trading opportunities. Today is Monday, February 17, 2025, I am Wang Yi Bo! Hello to all cryptocurrency friends ☀ Loyal fans check-in👍 Like for prosperity 🍗🍗🌹🌹
💎 💎 The cryptocurrency market has experienced three consecutive months of consolidation, seeming to be in a state of immobilism. Many people are wondering as they look at this situation: will the market continue to sink, or will it suddenly explode at some point to welcome a miracle? This is not only a technical chart problem, but also multiple factors such as market sentiment, fund allocation, and macroeconomic changes. Consolidation could well be a phase of consolidation before the explosion. Many institutional investors are quietly positioning themselves at low levels, and as soon as the market receives positive news, Bitcoin could quickly increase, thus launching a new bullish market. The global economic environment and policy changes also continue to influence market developments. Recently, the situation between Russia and Ukraine has become clearer, and with the recent significant inflation in the United States, the expectations of a decrease in the US Federal Reserve's interest rates have significantly diminished, which is also a significant reason for the recent stagnation in cryptocurrency prices, but with the progressive resolution of many negative points, the market outlook seems promising. The key now is the patience of current holders! 💎 💎 Trading sentiment in the weekend market leans towards caution, with mostly sideways trading, Bitcoin hovering around 96500. Recently, the price of Bitcoin has been range-bound, with continuous trend changes on the daily line, each rebound followed by selling pressure and sales at high levels. In this short-selling context, a downward expectation persists if the key resistance is not broken in the short term. In the short term, pressure on Bitcoin remains concentrated around 98500, with support at 95000. Recently, the market has shown a sideways trend with stable hourly transaction volumes, reflecting a strong sense of anticipation; daily transaction volumes have also decreased, with long and short positions at a standstill. Therefore, the short-term operational strategy is to maintain a consolidation mindset and calmly wait for market developments. 💎 💎 Ethereum is trading around 2680. The overall market has formed a consolidation momentum. On the 4-hour chart, the coin price is oscillating near the middle track of the Bollinger Bands, with short-term fluctuations limited to a specific range. Considering the situation of Yin and Yang crossing on the daily chart, a tug of war may form in this range in the short term. However, from a structural perspective, the bullish momentum is still firmly favored, and the repeated recovery after probing is expected to dominate. The current coin price is hovering near the middle track, and it is recommended to actively long in the morning for operation.
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.
Follow the hotspots in real time in the cryptocurrency industry, seize the best trading opportunities. Today is Monday, February 17, 2025, I am Wang Yi Bo! Hello to all cryptocurrency friends ☀ Loyal fans check-in👍 Like for prosperity 🍗🍗🌹🌹
💎
💎
The cryptocurrency market has experienced three consecutive months of consolidation, seeming to be in a state of immobilism. Many people are wondering as they look at this situation: will the market continue to sink, or will it suddenly explode at some point to welcome a miracle? This is not only a technical chart problem, but also multiple factors such as market sentiment, fund allocation, and macroeconomic changes. Consolidation could well be a phase of consolidation before the explosion. Many institutional investors are quietly positioning themselves at low levels, and as soon as the market receives positive news, Bitcoin could quickly increase, thus launching a new bullish market. The global economic environment and policy changes also continue to influence market developments. Recently, the situation between Russia and Ukraine has become clearer, and with the recent significant inflation in the United States, the expectations of a decrease in the US Federal Reserve's interest rates have significantly diminished, which is also a significant reason for the recent stagnation in cryptocurrency prices, but with the progressive resolution of many negative points, the market outlook seems promising. The key now is the patience of current holders!
💎
💎
Trading sentiment in the weekend market leans towards caution, with mostly sideways trading, Bitcoin hovering around 96500. Recently, the price of Bitcoin has been range-bound, with continuous trend changes on the daily line, each rebound followed by selling pressure and sales at high levels. In this short-selling context, a downward expectation persists if the key resistance is not broken in the short term. In the short term, pressure on Bitcoin remains concentrated around 98500, with support at 95000. Recently, the market has shown a sideways trend with stable hourly transaction volumes, reflecting a strong sense of anticipation; daily transaction volumes have also decreased, with long and short positions at a standstill. Therefore, the short-term operational strategy is to maintain a consolidation mindset and calmly wait for market developments.
💎
💎
Ethereum is trading around 2680. The overall market has formed a consolidation momentum. On the 4-hour chart, the coin price is oscillating near the middle track of the Bollinger Bands, with short-term fluctuations limited to a specific range. Considering the situation of Yin and Yang crossing on the daily chart, a tug of war may form in this range in the short term. However, from a structural perspective, the bullish momentum is still firmly favored, and the repeated recovery after probing is expected to dominate. The current coin price is hovering near the middle track, and it is recommended to actively long in the morning for operation.