LookForwardToFulfillm
vip

Track real-time hotspots in the currency circle, seize the best trading opportunities, today is Monday, February 17, 2025, I am Wang Yibo! Good morning, coin friends ☀ hardcore fan check-in 👍 like and make a fortune 🍗🍗🌹🌹


💎
💎
The cryptocurrency market has been fluctuating sideways for three consecutive months, seemingly in a state of stagnation. Many people cannot help but ask: will the market continue to decline, or will it suddenly erupt at some point and usher in a miraculous rise? This is not only a problem of technical charts, but also involves multiple factors such as market sentiment, fund layout, and macroeconomic changes. The sideways movement may be a phase of gathering momentum. Many institutional investors are quietly positioning themselves at low levels. Once the market receives positive news, Bitcoin may quickly rise, initiating a new bull market. The global economic environment and policy changes also continuously influence market trends. In recent times, the clarity of the Russia-Ukraine ceasefire has become increasingly apparent, coupled with the significant rise in the latest U.S. inflation figures, leading to a substantial cooling of market expectations for a Fed rate cut. This is also an important reason for the recent stagnation of coin prices. However, with the landing of various negative factors, the market outlook is generally positive, and now it's a test of patience for holders!
💎
💎
Over the weekend, the market trading sentiment tends to be cautious, with most of the market time in a sideways trend. Bitcoin is running around 96500. Recently, the price of Bitcoin has been repeatedly moving within a range, and has not been able to make an effective breakthrough. The daily chart shows continuous changes between positive and negative, and each rebound is met with resistance, leading to selling pressure and high-volume selling. With this background, there is still an expectation of a downward trend if the key resistance level cannot be broken in the short term. In the short term, the pressure on Bitcoin is still concentrated around 98500, with support at 95000. In the recent market, there is a trend of sideways consolidation, with no significant fluctuations in hourly trading volume, reflecting a strong wait-and-see atmosphere; the daily trading volume has also decreased, and both long and short sides are in a stalemate. Therefore, the short-term operational strategy maintains a oscillation mindset, waiting for market changes.
💎
💎
Ethereum is trading around 2680 in a range-bound manner. 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, there may be a tug of war within this range in the short term. However, from a structural perspective, the bullish momentum is still firmly optimistic, and it is expected that the rebound after repeated probing will dominate. The current coin price is hovering near the middle track, and it is recommended to actively take long positions in the early trading.
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
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 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)