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, show your support 👍 Like and earn big money 🍗🍗🌹🌹

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On the weekend, the overall market was in an exciting recovery state, 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, with gains exceeding 50%. As they say, history not only repeats itself, but also bears a remarkable resemblance. Will this BY-bit incident, as always, be a precursor to the unfolding of a bullish market trend? In my personal opinion, this probability is quite high. Recalling the history of the development of the cryptosphere, it is undoubtedly a story of constant self-interference in the face of adversity. From the Mt. Gox incident to the F-TX incident, each crisis has urged the market to become stronger and more transparent. In fact, the real cause of the collapse lies in the devaluation, not technical flaws. For 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 undoubtedly be challenging, 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, the price temporarily dropped to the level of 94900, after which a correction of 2000 points took place, and currently the price has recovered to around 97000. Throughout Saturday, there were no particularly noticeable fluctuations in the market, mainly a correction corresponding to the typical characteristics of weekend 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, the box structure on the 4-hour chart remains intact, moving in a range from 100000 to 93000. Currently, it seems that the level of 100000 is close, 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 breakout. 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 different market conditions.
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Yesterday, Ether changed its previous agile trend after receiving support at the 2615 level during trading, it started a strong rebound during the day, after reaching a peak at the 2797 level it encountered resistance and compression. Over a four-hour period, the market is marked by three consecutive positive days, maintaining an upward trend, short-term correction appears relatively limited, the overall structure is more bullish, bullish strength continues to grow. Over a one-hour period, the market has already stabilized above the average line, currently showing a gradual increase of significant magnitude. If the price can effectively break through the resistance at the 2800 level, accompanied by a significant increase in trading volume, further growth can be expected. On the other hand, if the price breaks the support at the 2700 level, caution is needed regarding the risk of decline. At the current stage of volatility and consolidation, investors may consider operations within the range, using a short-term high selling and low buying strategy.