Track real-time hotspots in the currency circle, seize the best trading opportunities, today is Tuesday, February 25, 2025, I am Wang Yibo! Good morning, coin friends ☀ hardcore fan check-in 👍 like and get rich 🍗🍗🌹🌹

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Overnight, the three major U.S. stock indexes closed with divergent trends, with the Dow up 0.08%, the Nasdaq down 1.21%, and the S&P 500 down 0.49%. Most large-cap tech stocks fell, with Nvidia dropping more than 3%. Although it is spring, the cryptocurrency market is experiencing a late frost, with the diarrhea trend continuing. Bybit fell victim to a hacker attack, becoming the largest financial theft case in history, and its impact is far from over. Particularly, the largest-ever unlocking of SOL is approaching, with many VCs holding billions of dollars in unrealized profits, with their cost basis around $65. Bitcoin will test the $90,000 support level. The futures market saw a surge in long positions, with a total of $521 million liquidated in the past 12 hours, including $481 million in long positions and $39.3468 million in short positions.
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Yesterday evening, after a slight rebound to the high point of 95196, Bitcoin once again entered a bearish rhythm, with rapid volume from late night to early morning, forming a three-wave decline. Currently, the technical aspect shows an extremely obvious bearish trend on the 4-hour chart, with each wave lower than the previous one. The steep slope of the price decline indicates strong downward momentum in the market in the short term, with the bearish force fully dominating the market. Looking at the candlestick pattern, frequent doji at the top indicates the intense short-term battle between long and short forces. However, as the trend develops, the bearish side gradually gains the upper hand. It is important to pay attention to the strength of the rebound as the volatility increases.
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Ethereum plummeted from around 2686 at midnight, with a substantial volume decline, reaching a morning low of 2456. Ethereum has fallen by nearly 300 points, making it very difficult to withstand this market. It continued to probe lower in the morning, breaking through the bottom support once again. Judging from the current momentum, Ethereum is likely to drop to 2500. It's been a long time since such a strong one-way movement appeared! A drop of 200 points for Ethereum is the limit for one night, and it has already broken through the bottom support. It's a great opportunity to go long at the bottom, as it's too easy to get trapped by chasing shorts in the current market. We should wait for the coin price to stabilize after the drop before entering with long positions.