Track the latest news in the world of cryptocurrencies, use the best deals. Today is February 23, 2025, Sunday. I am Van Yibo! GM, friends! Fans, react with 👍 Like and earn big money 🍗🍗🌹🌹

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On the weekend, the overall market was in a state of exciting recovery, gradually recovering from relatively small losses caused by "Black Friday," and not showing a significant breakthrough. Instead, some altcoins showed explosive growth, such as BAN, PI, TST, whose increase exceeded 50%. As they say, history not only repeats itself but also has a remarkable similarity. Will this BY-bit incident become, as always, a prelude to the unfolding of a bullish market trend? In my personal opinion, this probability is quite high. Remembering the history of the development of the cryptosphere, it is undoubtedly a story of constant self-renewal in the face of struggle. From the Mt. Gox incident to the F-TX incident, each crisis prompted the market to become stronger and more transparent. In fact, the real reason for the collapse lies in the devaluation, not in technical flaws. As investors, in dealing with such events, it is better to focus on the basic logic: blockchain is working on rebuilding the financial infrastructure, although this path will certainly be difficult, the prospect is undoubtedly bright. Remember, what scares you may be a great opportunity for others.
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After rising on Friday, Bitcoin experienced confusion, temporarily falling to the level of 94900, after which a correction of 2000 points took place, and now the price has recovered to around 97000. Throughout Saturday, there were no particularly noticeable fluctuations in the market, mainly a correction, which corresponds to the typical characteristics of the initial markets. From a structural point of view, if the price cannot re-establish itself at the level of 97200 during the day, it will not only withstand pressure in the short term, but this point will also become a turning point for bulls and bears on the daily chart. From a fundamental point of view, on the 4-hour chart, the box structure remains unaffected and generally moves in the range from 100000 to 93000. Currently, it seems that the level at 100000 is not far away, but a significant amount of money is needed for a real breakthrough and consolidation. However, if the short-term support level is not broken, there is still potential for an upward breakthrough. Currently, the market shows a monkey market, indeed very difficult, but most markets are in a state of fluctuations, and fluctuations over one or two months are not uncommon. Investors should adjust their approach considering the different market conditions.
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Ether changed its previous agile trend yesterday after receiving support at the 2615 level during trading. It started a strong rebound during the day, reaching a peak at 2797, where it encountered resistance and compression. Over a four-hour period, the market has seen three consecutive positive days, maintaining an upward trend. Short-term correction appears relatively limited, with an overall more bullish structure and increasing bullish momentum. Over an hourly period, the market has stabilized above the average line, currently demonstrating a gradual significant rise. If the price can effectively break through the resistance at 2800 points, accompanied by a significant increase in trading volume, further growth can be expected. On the other hand, if the price breaks the support at 2700 points, caution is advised regarding the risk of decline. At the current stage of fluctuations and consolidation, investors may consider operations within a range, using a short-term higher selling and lower buying strategy.