Track real-time hotspots in the currency circle, seize the best trading opportunities, today is Tuesday, February 11, 2025, I am Wang Yibo! Good morning, coin friends ☀ hardcore fan check-in 👍 like and make a fortune 🍗🍗🌹🌹

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The U.S. stock market collectively closed higher on Monday, with the Dow rising by 0.38%, the S&P 500 rising by 0.67%, the Nasdaq rising by 0.98%, and the Chinese concept stock index reaching a two-month high. Last night, Trump signed an executive order announcing a 25% tariff on all steel and aluminum imported into the United States, and stated that the related requirements have 'no exceptions and no exemptions.' However, the current reaction of the U.S. dollar to the latest tariff news seems subdued, with spot gold hitting a historical high of $2913.01 per ounce at the beginning of the trading session. The current crypto market has lost its original patterns, especially with garbage coins flooding the market, new coins debuting in the primary market for profit, and the secondary market harvesting profits. The current layout follows some narrative-based varieties, such as LTC, XRP, HBAR, and SOL, all of which have expectations for spot ETF approval, especially LTC, which has the potential for early approval. However, it is also necessary to reduce positions to lock in profits and not to set expectations too high!
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The overall trend of Bitcoin in the late session yesterday was relatively flat, and both long and short sides lacked a certain degree of sustainability. The evening market once rose and touched the high point of 98335, and then the overall trend showed a retracement to the low point of 96800. Overall, the market entered a technical adjustment phase in the absence of incremental funds. Currently, technically, there is a demand for a short-term retracement in Bitcoin, but the support below is clear. And the price is close to the key support level, the previous chip-intensive area, which can effectively withstand selling pressure. The price is expected to rebound after hitting the bottom, indicating that the market has not completely turned bearish, and the main funds may borrow the retracement for fundraising.
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Ethereum also rose to a high of 2692 in the evening, but has since pulled back and is currently hovering around the 2650 level. In the short term, the price has steadily risen after consolidating at a low level, breaking through the price channel and showing the unstoppable strength of the bulls. Although the pullback is limited, the bulls continue to increase their volume through virtual and real alternation, suppressing the bears. Therefore, in terms of operation, we should buy on dips and expect the continuation of the bullish trend.