Tracking real-time hot topics in the cryptocurrency circle, grasping the best transaction opportunities. Today is Monday, February 10, 2025. I am Wang Yibo! Good morning, friends of cryptocurrency ☀️ Hardcore fan check-in 👍 Like and get rich 🍗🍗🌹🌹

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Over the weekend, Bitcoin, Ethereum, and SOL failed to break through the resistance level and experienced a pullback. However, from the weekly chart perspective, the current sideways market is approaching its end. After all, it took 8 months for the previous correction, so it is unlikely to be over in just 1 month. The weekly chart shows that after breaking out of the range in early November, the past two weeks have been a period of correction and repair. Ethereum may make a directional decision before the Lantern Festival; SOL has shown no clear upward trend since December, and the recent Chuanzi-related events have led to significant selling pressure. Recently, influenced by the events involving Trump and Melania, the market trend has become complex, playing a role in cleansing. Currently, Ethereum and SOL are accumulating energy, and there are continuous bullish factors in the market. In this round of the bull market, new coins and relatively new coins have shown mediocre performance, while the gains of older coins led by XRP and ADA are not to be underestimated. Due to the variety of coins in the 2025 crypto market, it is difficult for funds to fully support the development of new coins and relatively new coins, so choosing the right coins to invest in is crucial.
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Bitcoin is still in a consolidation phase over the weekend. In the early session, it tested the resistance at the 97,200 level and then fell back. The lowest point touched 94,600 early in the morning. It is clear that the price has fallen below the 95,500 support level. As we mentioned in our live broadcast strategy, once it falls below 95,500, we should turn around. Unfortunately, our long positions set up last night were stopped out, resulting in a loss of nearly 700 points. Looking at the current market, after experiencing a rebound of nearly 2,000 points, the price of Bitcoin has gradually started to rebound. It is slowly showing an upward trend, and from the hourly chart, it has formed a continuous upward movement. The bullish momentum is gradually being released. As long as Bitcoin stabilizes above 96,000, the price may still rise to around 97,500. We are also optimistic about the counterattack of the bulls in the morning, and it is advisable to participate in low long positions.
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After touching the high point of 2698 yesterday, Ethereum came under pressure and continued to decline, reaching a low point of 2518 in the early morning. Looking at the daily chart, the market has been in a downward trend, with a wave of up and down spikes in the early morning. The overall structure is in a roundabout state, but after the roundabout, it will go up first. As the high points continue to be refreshed, the low points are also being pushed up, which is a clear sign of a strong structure. After the up and down spikes, the four-hour structure is still running at a high level, and the retracement is just a normal corrective trend. From the current structure, the four-hour structure also has the momentum to rise again, accumulating energy through continuous roundabout consolidation. With the rise of the low point, we are now waiting for a breakthrough and the retracement has already been given. Pay attention to the interval test of the resistance above during the day!