Good morning, crypto friends! Today is February 19, 2025, Wednesday. I am Wang Yibo. In this world full of opportunities and challenges in the crypto world, tracking the hot spots in real time can accurately grasp the best trading opportunities. As usual, iron fans, come and check in 👍, those who like will make a fortune 🍗🍗🌹🌹

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Let's first look at the overnight dynamics of the US stock market. The three major indices all showed a slight upward trend. The Dow Jones Industrial Average rose by 0.02%, the Nasdaq Composite Index increased by 0.07%, and the S&P 500 Index rose by 0.25%. Meta performed poorly, with a drop of over 2%, ending the previous remarkable 20 consecutive rise trend; while Intel shone brightly with an increase of over 16%, reaching a new high since August last year. However, the crypto market moved in the opposite direction to the US stock market, with the futures market experiencing a major washout. The price of Bitcoin sharply fell, touching a low of $93330; Ethereum also did not escape, dropping to a low of $2604. Other altcoins followed suit in the decline, with varying degrees of decline. It is worth noting that LTC broke out into an independent trend, quickly rebounding after testing the $119 level; on the other hand, SOL continued to decline due to unlocking factors, testing as low as $160 before a slight rebound. It can be seen that news and market narratives are often key factors influencing the price trend of a cryptocurrency, so it is important to closely monitor the dynamic changes in the news going forward.
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Focusing on the performance of Bitcoin today, it showed a small range of oscillating consolidation in the early session and then surged in the late session, probing the $96691 level, but encountered strong resistance at the high and began to fall back. Influenced by the downturn in the US stock market, the price of Bitcoin continued to decline, testing as low as $93330 before rebounding, and is currently trading near $95500. From a short-term perspective, the market is attempting to rebound after this wave of decline. From a technical perspective, the BOLL indicator channel is gradually shifting from an expansion phase to a convergence phase, clearly reflecting the gradual reduction in market volatility. This situation indicates that the price of Bitcoin may consolidate around the midline in the short term. However, it is important to be aware that the current bullish rebound may struggle to break through the strong resistance at the midline.
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Let's take a look at the market of Ethereum. After reaching a high of $2848, Ethereum experienced a pinning phenomenon. Currently, it is still oscillating within a narrow range, with the price basically falling back to the starting point of yesterday. From the daily chart technical analysis, the MACD indicator has been in the red for 5 consecutive days, but the price has not shown a significant increase. The future direction of Ethereum largely depends on whether Bitcoin will experience a false breakdown followed by a rebound. Currently, Ethereum has been testing the short-term support at $2600, but its rebound height is very limited. It is also necessary to pay attention to whether it will further test the range of $2350-$2420. Currently, the selling pressure in the market is relatively strong, while the buying support is clearly insufficient. This determines that Ethereum will face significant pressure in the short term in terms of price increases. As long as this supply-demand relationship and technical indicators do not show a clear reversal signal, a high-altitude strategy still has a high feasibility and safety in the current market conditions.