Good morning, crypto friends! Today is February 19, 2025, Wednesday. I am Wang Yi Bo. In this world full of opportunities and challenges in the crypto world, tracking hot topics in real-time is the key to accurately grasping the best trading opportunities. As usual, fans, come and check in👍, those who like will make a fortune 🍗🍗🌹🌹

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Let's first look at the dynamics of the overnight US stock market. The three major indexes all showed a slight upward trend. The Dow Jones Industrial Average rose by 0.02%, the Nasdaq Index rose by 0.07%, and the S&P 500 Index rose by 0.25%. Meta performed poorly, with a drop of over 2%, ending the previous remarkable 20 consecutive rise trend; while Intel shone brightly, with a rise of over 16%, reaching a new high since August last year. However, the crypto market went in the opposite direction to the US stock market, experiencing a major liquidation in the futures market. The price of Bitcoin sharply dropped, touching the $93,330 level at its lowest; Ethereum also did not escape, dropping to a low of $2,604. Other altcoins followed suit in decline, with varying degrees of decline. It is worth noting that LTC broke out with an independent trend, quickly rebounding after testing the $119 level; on the other hand, SOL continued to decline due to unlocking factors, testing as low as $160 before showing a slight rebound. It can be seen that news and market narratives are often key factors influencing the price trends of a cryptocurrency, so it is essential to closely monitor the dynamic changes in news going forward.
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Refocusing on Bitcoin's performance during the day, it showed a range-bound consolidation trend in the early session, surged in the late session to test the $96,691 level, but encountered strong resistance at the high and then began to retreat. Influenced by the decline in US stocks, Bitcoin's price continued to decline, testing as low as $93,330 before rebounding, currently trading around $95,500. From a short-term perspective, the market is attempting a rebound after this recent downturn. From a technical indicator perspective, the BOLL indicator channel is gradually transitioning from an expansion phase to a convergence phase, reflecting a gradual decrease in market volatility. This situation indicates that Bitcoin's price may consolidate near the midline in the short term. However, it is necessary to be vigilant as the bullish rebound momentum may struggle to break through the strong resistance at the midline.
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Continuing to look at the Ethereum market, Ethereum experienced a pinning phenomenon after reaching a high of $2848 and is still oscillating within a small range, with the price basically falling back to yesterday's starting point. From the perspective of the daily chart technical indicators, the MACD indicator has been in the red for 5 consecutive days, but the price has not shown a significant increase. The future trend of Ethereum largely depends on whether Bitcoin will experience a false break and then rebound. Currently, Ethereum has been testing the short-term support at $2600, but its rebound height is very limited. It is still necessary to pay attention to whether it will further test the $2350 - $2420 level. Currently, the selling pressure in the market is relatively strong, and the buying support is clearly insufficient, which determines that there will be significant pressure for Ethereum's price to rise in the short term. As long as this supply and demand relationship and technical indicators do not show a clear reversal signal, a high short strategy still has a high feasibility and safety in the current market.