Track current events in the world of cryptocurrencies, identify the best trading opportunities. Today is Monday, February 17, 2025. I am Van I. GM, coin friends! ☀️

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The cryptocurrency market has been storming for the third month in a row, and it seems to be stuck in a state of stagnation. Many, looking at this situation, cannot help but ask themselves: will the market continue to fall or suddenly explode at some point and bring a miracle? This is not only a question of technical charts, but it touches on many factors such as market sentiment, monetary placement, and macroeconomic changes. Sideways movement may be the stage when it is preparing to explode. Many institutional investors quietly position themselves at low levels, and as soon as the market receives positive news, Bitcoin may quickly rise, starting a new bull market. The global economic environment and changes in policies also constantly influence market movements. Recent events surrounding the cessation of hostilities between Russia and Ukraine are becoming clearer, and the recent sharp rise in inflation in the US has led to a significant cooling of expectations for a Fed interest rate cut, which is also one of the important reasons for the recent stagnation of coin prices. However, with the departure of negative news, expectations regarding market prospects have become more favorable, and now the most important thing is patience in maintaining positions!
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Over the weekend, the market is cautious, and prices mostly range-bound, with Bitcoin trading around 96500. Recently, the price of Bitcoin continues to fluctuate within a range, unable to make an effective breakthrough. On the daily chart, there are alternating upward and downward movements, with pressure after each rise, leading buyers to offload assets. With increasing selling volumes at high levels and market supply, if the key resistance is not broken in the short term, a continuation of the downward trend is anticipated. In the short term, Bitcoin's resistance continues to concentrate around 98500, with support at 95000. Lately, the market shows sideways movement, with trading volumes on hourly charts remaining low, reflecting a strong sentiment of anticipation; also, on the daily chart, trading volumes decrease, and buyers and sellers are at an impasse. Therefore, in the short term, it is advisable to adhere to a range-bound trading strategy and anticipate market changes.
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Ethereum consolidates around 2680 near. The entire market forms a disk. On the four-hour chart, the coin price oscillates near the middle track of the Bollinger Band, with short-term fluctuations limited to a specific range. Considering the situation of Yin and Yang crossing on the daily chart, a tug of war may form in this range in the short term. However, from a structural perspective, the bullish forces are still firmly optimistic, and the repeated probing and rebound are expected to dominate. The current coin price lingers near the middle track, and it is recommended to actively go long in early trading.