Track the latest news in the world of cryptocurrencies, use the best deals. Today is February 23, 2025, Sunday. I am Van Yibo! GM, friends! Fans, react with 👍 Like and earn big money 🍗🍗🌹🌹

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On the weekend, the overall market was in an exciting recovery state, 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 also bears a remarkable resemblance. Will this BY-bit incident, as always, be a precursor 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 cryptosphere, it is undoubtedly a story of constant self-renewal in the face of struggle. From the Mt. Gox incident to the F-TX incident, each crisis has prompted the market to become even stronger and more transparent. In fact, the real cause of the collapse lies in the devaluation, 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 difficult, but the prospect is undoubtedly bright. Remember, what scares you may be a great opportunity for others.
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After the Friday rally, Bitcoin experienced confusion, the price temporarily dropped to the level of 94900, after which a 2000 point correction occurred, and now the price has recovered to approximately 97000. Throughout Saturday, there were no particularly noticeable fluctuations in the market, mainly a correction that corresponds to the typical characteristics of weekend markets. From a structural point of view, if the price cannot re-establish 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, on the 4-hour chart, the box structure has not suffered and overall moves in the range from 100000 to 93000. Currently, it seems 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 broken, there is still potential for an upward breakthrough. Currently, the market is demonstrating 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, taking into account the different market conditions.
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Yesterday, Ether changed its previous agile trend after receiving support at 2615 during trading, it started a strong rebound during the day. After reaching a peak at 2797, it encountered 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 more bullish structure and bullish momentum constantly increasing. Over an hourly period, the market has already stabilized above the average line, currently showing a gradual significant increase. If the price can effectively break through the resistance at 2800 points, accompanied by a significant increase in trading volume, further growth can be expected. On the other hand, if the price breaks the support at 2700 points, caution should be taken regarding the risk of decline. At the current stage of fluctuations and consolidation, investors may consider operations within a range, using a short-term higher selling and lower buying strategy.