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Details: ht
Track real-time hot topics in the crypto world and seize the best trading opportunities. Today is Tuesday, September 23, 2025. I am Wang Yibo! Good morning to all coin friends ☀️ hardcore fan daily attendance 👍 Like and make a big fortune 🍗🍗🌹🌹
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The sharp decline in the crypto market yesterday brought market sentiment to a freezing point. The market also experienced the largest liquidation since 2021, sparking numerous speculations. In fact, the news front is quite calm, and this plunge is most likely just a liquidation of long positions in the market. From a macro perspective, a decline in interest rates will weaken the dollar, reduce risk-free returns, and in turn, encourage a recovery in risk appetite and capital inflow, and currently this transmission chain has already been activated. Therefore, the current short-term fluctuations are merely a cleansing process, and the mid-term structural bull market script is slowly unfolding. All crypto friends must pay attention to Yibo to grasp real-time dynamics in a timely manner.
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Bitcoin opened at 114609 yesterday before plummeting sharply, directly dropping over 4,000 points, with the decline exceeding the original range and breaking through a watershed, indicating a reversal in trend. During the evening session, Bitcoin fluctuated slightly within the range of 111800 to 113000, with both long and short positions relatively balanced. From the hourly Bollinger Bands perspective, it currently shows a "narrowing opening" state, which means that the short-term volatility of Bitcoin is decreasing, and the market has temporarily entered a trend consolidation period. At the same time, Bitcoin's price has been consistently suppressed by the middle band of the Bollinger Bands and is operating below it, indicating weak short-term bullish strength, with the middle band becoming a phase resistance level. In the short term, it is difficult for Bitcoin's price to recover to previous levels, and it is highly likely to continue testing downward, with the next step potentially extending to the lower band of the daily Bollinger Bands. Therefore, in terms of operation, before any reversal structure or signal appears, it is recommended to arrange according to short-term patterns, and consider shorting with any slight rebound.
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Ethereum opened with a decline from the high of 4496 in the early session yesterday, accelerated downward to around 3983 in the afternoon before rebounding and oscillating above 4180, then rebounding to 4217 in the evening before dropping back to a low of 4122, and then rebounding again to around 4180 for consolidation. From a technical analysis perspective, on the daily level, today's price has directly broken through the middle band of the Bollinger Bands and continues to decline. The MACD indicator's green bars have shrunk to nearly disappearing, and a dead cross formation has officially formed. On the four-hour level, after a brief weak rebound, the chart has shown multiple candlesticks with long lower shadows in the form of inverted crosses, indicating that the current rebound is clearly suppressed by bearish forces. The ETH price has reached the lower band, with signs of even breaking below it. The lower band at 4160 is an important support level, and once broken, the coin price will continue to decline; the upper middle band at 4400 is an important resistance level.