Track real-time hotspots in the currency circle, seize the best trading opportunities. Today is February 22, 2025, Saturday, I am Wang Yi Bo! Good morning, friends of the currency circle ☀ hardcore fan check-in 👍 thumbs up for great wealth 🍗🍗🌹🌹

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The three major U.S. stock indexes closed down collectively overnight. Among them, the Nasdaq fell by 2.2%, with a cumulative decline of 2.51% this week, the largest weekly decline since November last year; The S&P 500 fell 1.71% and is down 1.66% for the week, its biggest weekly decline since mid-January; The Dow fell 1.69% and is down 2.51% for the week, its biggest weekly drop since late October last year. Large technology stocks were generally lower, with Tesla, Nvidia, and Intel falling more than 4%, Netflix, Google, and Amazon falling more than 2%, Microsoft, and Meta falling more than 1%, and Apple closing slightly lower. Block Inc. (XYZ) fell more than 17%, its worst one-day performance since March 2020. Meanwhile, 514,000 ETH worth $1.429 billion was stolen from B-0ybit. No matter how the subsequent development of events, "a gentleman does not stand under a dangerous wall", investors need to be extra vigilant. The fall in U.S. stocks and this major theft coincided with the weekend, and all kinds of coincidences can't help but make people wonder if there is a possibility of joint exchange trading, and next Monday's market performance may give the answer, and this weekend is crucial.
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Bitcoin presented a volatile consolidation trend in the white market on Friday, probing upwards in the evening and encountering resistance after reaching a high of 99416. In the so-called 'Black Friday' market, prices plummeted sharply from near 99400, dropping over 4000 points, with the lowest point reaching 94900 before rebounding. From a technical perspective, on the 4-hour candlestick chart, two extremely long bearish candles appeared, and the moving averages also clearly turned downwards, strongly suggesting that the previous uptrend has temporarily ended. If the intraday rebound fails to stabilize above the 99000 mark, the downward trend is likely to continue. From a daily chart perspective, Bitcoin is still in a phase of range repair, and a market scenario with a mix of longs and shorts is expected to persist. After the dramatic fluctuations on Friday, it is anticipated that the weekend market will enter a period of volatile consolidation.
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On Friday afternoon, Ethereum also staged a wave of upward exploration, with the price climbing to the 2844 level all the way. However, similar to Bitcoin, this upward trend was not sustained. Subsequently, the price experienced a certain degree of decline, dropping to the 2615 level before rebounding. The current price is fluctuating around the 2660 level, showing some rebound momentum. This trend of rapid rise and quick pullback in a short period of time vividly demonstrates the intense game and balanced strength between bulls and bears in the current market. Today is Saturday, and early attention can be focused on the rebound strength of Ethereum. If it can break through the key resistance level, there is a possibility of continuing the upward trend; otherwise, it may continue to oscillate within the range.