Track real-time hotspots in the currency circle, seize the best trading opportunities. Today is February 23, 2025, Sunday. I am Wang Yi Bo! Good morning to all coin friends ☀ Iron fans check in 👍 Like and get rich 🍗🍗🌹🌹

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On the weekend, the overall market was in a state of oscillating upward, gradually repairing the decline caused by the 'Black Friday', and there was no significant breakthrough. In stark contrast, some altcoins demonstrated explosive growth, with BAN, PI, and TST all increasing by over 50%. It is often said that history does not simply repeat itself, but it has astonishing similarities. Will the BY-bit incident, like in the past, become the prelude to a frenzied market? In my personal judgment, this possibility is quite high. Looking back at the development of the coin circle, it is undoubtedly a history of continuous self-iteration in the face of attack and defense. From the Mt. Gox incident to the F-TX incident, every crisis has made the market more resilient and transparent. In fact, the real root cause of a collapse lies in the collapse of value, rather than technical vulnerabilities. As a retail investor, in the face of such events, it is better to focus on the underlying logic: blockchain is committed to reshaping the financial infrastructure. Although this path is bound to be full of twists and turns, the prospects are undoubtedly bright. Please remember, what you feel panic about may be an excellent opportunity in the eyes of others.
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After Bitcoin surged on Friday, it encountered setbacks, with prices falling to the 94900 level at one point, followed by a correction of 2000 points. The current price has rebounded to around 97000. Throughout Saturday, the market did not see significant fluctuations, mainly focusing on corrective movements, which is in line with the typical characteristics of weekend markets. Structurally, if the price cannot regain the key level of 97200 during the day, it will not only face pressure in the short term but also become a watershed for long and short positions on the daily chart. From a fundamental perspective, the box structure on the 4-hour chart has not been broken, still operating within the range of 100000 to 93000. The 100,000 mark seems within reach at the moment, but achieving a true breakthrough and stability will still require a significant amount of capital. However, as long as the short-term support level is not breached, there is still potential for an upward breakthrough. The current market presents a volatile situation, indeed challenging, but fluctuations are common in the market, and one to two months of volatile trends are not uncommon. Investors should adjust their mindset and adopt differentiated strategies for different market conditions.
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Ethereum reversed its previous downward trend yesterday, finding support at the 2615 level after probing lower. It started a strong rebound during the day session, reaching a high of 2797 but facing resistance. Looking at the four-hour chart, the market shows a three consecutive bullish candle pattern, maintaining a trend of oscillating upward. The short-term correction is relatively limited, with an overall bullish structure and bullish momentum continuously accumulating. On the hourly chart, the market has stabilized above the middle rail, showing a slow upward trend overall. If the price can effectively break through the resistance at 2800 points, accompanied by a significant increase in trading volume, it is likely to see further upside potential. Conversely, if the price falls below the support level of 2700 points, downward risks should be monitored. During the current consolidation phase, investors may consider range trading and adopt a strategy of short-term selling high and buying low.
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