Good morning, friends from the world of cryptocurrencies! Today is February 19, 2025, Wednesday. I am Van Yi-bo. In this world full of opportunities and challenges, only timely tracking of hot events will allow you to accurately understand the most profitable deals. As usual, fans, hurry to react 👍, and those who like will receive great wealth 🍗🍗🌹🌹

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First, let's look at the dynamics of the American stock market last night, all three indices showed a slight increase. The Dow Jones Industrial Average rose by 0.02%, the Nasdaq index went up by 0.07%, and the S&P 500 index increased by 0.25%. Meta showed poor dynamics, losses exceeded 2%, ending the previous impressive streak of 20 increases; meanwhile, Intel made noise, with growth exceeding 16%, the stock price reached a new high since August last year. However, the crypto market is contrary to American stocks, the futures market faced significant selling. Bitcoin prices plummeted sharply, hitting a low of $93,330; Ethereum also failed to avoid it, its minimum price was $2,604. Other altcoins began to fall under the influence, with various declines. An interesting trend is LTC, breaking out of its own trend, quickly rebounded after testing at $119; in the case of SOL, due to unlocking factors, the price continued to fall, and only after testing a minimum of $160, there was a slight bounce. This indicates that news and market narratives are often key factors determining the price movement of a particular cryptocurrency, so it is important to carefully monitor the dynamics of news.
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Returning to the intraday Bitcoin exhibition, in the morning it manifested itself trembling in a small range, but in the evening, it felt strong and rose, surpassing the level at 96691 US dollars, but faced significant pressure at a high level, after which it began to decline. Influenced by the decline in the American stock market, the price of Bitcoin continues to fall, and only after testing the lowest level at 93330 US dollars, it rebounded slightly, currently hovering around the level at 95500 US dollars. From a short-term perspective, the market is trying to launch a rebound after this wave of declines. From a technical point of view, the BOLL indicator shows that the channel has opened with a gradual narrowing of the previous expansion, clearly indicating a gradual decrease in market volatility. This situation indicates that the price of Bitcoin may move around the middle line in the near future. However, caution is advised as the strength of the bullish market rebound may currently encounter strong resistance at the middle line.
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Keep an eye on the Ethereum market. After Ethereum sharply rose to $2848, there was a phenomenon of a clogged syringe, it is still oscillating within a narrow box and basically returning to its yesterday's starting level. From a technical standpoint on the daily chart, the MACD indicator has been in the red zone for 5 consecutive days, but the price does not show clear growth. The further movement of Ethereum largely depends on whether a situation arises where Bitcoin artificially drops first, and then there is a rebound. At the moment, Ethereum is constantly testing short-term support at the $2600 level, but its bounce height is very limited, and it should be carefully observed whether it will continue to fall to the $2350-2420 level. There is currently quite strong selling pressure in the market, and buying is not showing significant activity, determining that Ethereum prices are under significant upward pressure in the short term. As long as this supply-demand ratio and technical indicators do not show clear reversal signals, the short selling strategy still has high feasibility and safety in the current market conditions.