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Track real-time hotspots in the currency circle, seize the best trading opportunities, today is Sunday, February 16, 2025, I am Wang Yibo! Good morning, crypto friends ☀ hardcore fan check-in 👍 thumbs up for making a fortune 🍗🍗🌹🌹
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Over the weekend, the market trading sentiment tends to be cautious, with no significant increase in trading volume. Prices have been repeatedly tugged in the middle range, and neither the bulls nor bears have shown overwhelming advantages, making the market appear to be in a stalemate. This kind of oscillating pattern usually indicates that the market is in a stage of accumulation, with investors being cautious and needing to wait for more signals to guide the direction. Additionally, although there are signs of some funds flowing in, the trading volume has not significantly increased, indicating that major funds have not entered the market in a big way yet, making it difficult to have a trending market in the short term.
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Bitcoin remained in a small range of 97000-98000 in the white market yesterday, oscillating and consolidating. The overall volatility was not significant, leaving limited room for operation. It mainly relies on short-term pinpoint operations. Currently, the possibility of a short-term market breakthrough is unlikely. Bitcoin's daily chart has been oscillating back and forth within the upper and lower range, with the overall price range slightly moving upwards but still unable to break through and stabilize. There is still some pressure around the 98500 midline. On the 4-hour chart, the overall trend gradually leans towards the bullish side, stabilizing above the BOLL midline during the day. The chart indicators show signs of gradual stabilization. It is expected that the rebound strength in the short term will not be significant, with short-term pressure concentrated in the 98000-98500 range and support in the 96000-96500 range. Focus on the breakthrough and stabilization of the resistance level during the day. If the rebound fails to break through, consider short-selling intervention, and intervene with long positions on retracement support. Short-term operations should mainly focus on selling high in the range and buying low for short-term gains!
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On the Ethereum side, the overall range was around 2700 yesterday. There was a small pin bar at 2659 in the evening, which was quickly recovered. The 4-hour chart shows an oscillating upward trend, with limited short-term pullback strength and a predominantly bullish structure. After the Bollinger Bands closed on the hourly chart, the small bearish candle briefly broke below the midline but then turned positive and recovered. The outlook remains bullish in the short term, with focus on the 2760-2800 area upside and the 2600 level downside. In the short term, reference the Bitcoin oscillation range for key points. During the weekend, market fluctuations are small, with relatively limited trading opportunities, mainly focusing on short-term accumulation.