Track the latest cryptocurrency news, use the best deals. Today is February 23, 2025, Sunday. I am Van Yibo! GM, friends! Fans, show your support 👍 Like and earn big money 🍗🍗🌹🌹

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On the weekend, the overall market was in an exciting recovery, gradually recovering from relatively small losses caused by "Black Friday", and not showing a significant breakthrough. Instead, some altcoins showed explosive growth, such as BAN, PI, TST, whose increase exceeded 50%. As they say, history not only repeats itself but bears a remarkable resemblance. Will this BY-bit incident, as always, be a prelude to the unfolding of a bullish market trend? In my personal opinion, this probability is quite high. Recalling the history of the development of the crypto sphere, it is undoubtedly a story of constant self-iteration in the face of adversity. From the Mt. Gox incident to the F-TX incident, each crisis has urged the market to become even stronger, as well as making it more transparent. In fact, the real reason for the collapse lies in the devaluation of assets, not in technical flaws. As investors, in dealing with such events, it is better to focus on the basic logic: blockchain is working on rebuilding the financial infrastructure, although this path will certainly be challenging, the prospect is undoubtedly bright. Remember, what scares you may be a great opportunity for others.
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After the rise on Friday, Bitcoin experienced confusion, the price temporarily dropped to the level of 94900, after which a correction of 2000 points took place, and currently the price has recovered to around 97000. Throughout Saturday, there were no particularly noticeable fluctuations in the market, mainly a correction, which corresponds to the typical characteristics of weekend markets. From a structural point of view, if the price cannot reestablish itself at the level of 97200 during the day, it will not only withstand pressure in the short term, but this point will also be a turning point for bulls and bears on the daily chart. From a fundamental point of view, the box structure on the 4-hour chart remains intact, moving in a range from 100000 to 93000. Currently, it appears that the level at 100000 is not far, but a significant amount of money is needed for a real breakthrough and consolidation. However, if the short-term support level is not breached, there is still potential for an upward breakthrough. Currently, the market demonstrates a monkey market, indeed, very difficult, but most markets are in a state of fluctuations, and fluctuations over one or two months are not uncommon. Investors should adjust their approach considering different market conditions.
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Yesterday, Ethereum changed its previous agile trend after receiving support at 2615 during trading. It started a strong rebound during the day, reaching a peak at 2797 before encountering resistance and compression. Over a four-hour period, the market has seen three consecutive positive days, maintaining an upward trend. Short-term correction appears relatively limited, with an overall higher-profile structure and bullish momentum steadily increasing. Over an hourly period, the market has settled above the average line, currently showing a gradual increase of significant magnitude. If the price can effectively break resistance at the 2800 level, accompanied by a significant increase in trading volume, further growth can be expected. On the other hand, if the price breaks support at the 2700 level, caution is advised regarding the risk of decline. At the current stage of fluctuations and consolidation, investors may consider operations within a range, employing a strategy of short-term selling at higher levels and buying at lower levels.