Track real-time hot topics 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 get rich🍗🍗🌹🌹

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The cryptocurrency market has been in a sideways shock for three consecutive months, as if it is in a state of stagnation. Many people can't help but ask: will the market continue to decline, or will it suddenly erupt at some point and welcome 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 stage of gathering momentum. Many institutional investors are quietly positioning themselves at low levels. Once the market welcomes positive news, Bitcoin may quickly rise, ushering in a new bull market. The global economic environment and policy changes are also constantly affecting the market trend. The recent clarity in the form of Russia-Ukraine ceasefire, coupled with the significant rise in the latest U.S. inflation, has led to a sharp cooling of the market's expectations for a Fed rate cut. This is also an important reason for the recent stagnation of currency prices, but with the landing of a series of negative news, the market's outlook is generally positive, and now it's a test of patience for the holders!
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Over the weekend, the market trading sentiment tended to be cautious, and the market mostly remained in a sideways trend. Bitcoin operated around 96500. Recently, the price of Bitcoin has been repeatedly fluctuating within the range, and has not been able to make an effective breakthrough. On the daily chart, there have been consecutive changes between positive and negative, and each rebound has been met with resistance and selling pressure. With the background of selling at high levels, if the key resistance level cannot be broken in the short term, there is still a downward expectation. In the short term, the pressure on Bitcoin still concentrates around 98500, with support at 95000. The recent market has shown a sideways consolidation trend, with relatively calm 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, in terms of short-term operation strategy, it is advisable to maintain a cautious approach and wait for market changes.
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Ethereum is consolidating around 2680. The overall market is forming a consolidation momentum. On the 4-hour chart, the coin price is oscillating near the Bollinger Band's midline, with short-term fluctuations limited to a specific range. Considering the situation of Yin and Yang crossing on the daily chart, short-term fluctuations may form a tug-of-war within this range. However, from a structural perspective, the bullish momentum is still firmly favored, and the expected rebound after repeated probes is likely to dominate. The current coin price is hovering near the midline, and it is recommended to actively go long in the early morning for operation.