Track the current trends in the world of cryptocurrencies, use the best opportunities for trading. Today is February 17, 2025, Monday. I am Van Yibo! GM, friends! Accept the mark from loyal followers, like and earn a lot of money.

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The cryptocurrency market has been in a sideways range for three months, and it seems that the market is in a state of stagnation. Many people, looking at this situation, cannot help but ask: will the overall market continue to decline, or will it suddenly explode at some point, bringing a wonderful recovery? This question concerns not only technical charts but also market sentiment, capital placement, and macroeconomic changes. Sideways movement may be just a stage of accumulating strength. Many institutional investors are quietly positioning themselves at low levels, and if the market receives positive news, the price of Bitcoin may suddenly rise, starting a new growth cycle. The global economic environment and political changes also constantly influence market movements. Recently, the prospect of ending the war between Russia and Ukraine has become more apparent, and the recently announced significant increase in inflation in the United States has led to a significant cooling of expectations for a Fed rate cut, which is a significant reason for the recent stagnation in cryptocurrency prices, but with the positive news, expectations for the future have improved. Now the key is patience in holding positions!
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On the weekend, the market sentiment turned cautious, and prices mostly traded sideways. Bitcoin hovered around the 96500 level and continued to consolidate. Recently, the price of Bitcoin has been contained within a sideways channel, constantly skirting it, and failed to provide an effective breakthrough. On the daily chart, mood swings were constantly occurring, with each rise met with pressure, resulting in selling pressure, and with increased volumes, additional pressure was created. With selling support at high levels, a further decline can be expected in the short term. In the short term, resistance for Bitcoin continues at the 98500 level, support at 95000, and recently the market has been in a state of sideways consolidation, with minimal hourly transaction volume, reflecting a noticeable anticipation; daily transaction volume has also decreased, creating conditions for a temporary halt to the battles. Therefore, in the short term, the operational strategy remains stable, with expectations of fluctuations while waiting for market changes.
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Ether is trading around the 2680 level. The overall market situation is forming power accumulation in preparation for a fight. On the 4-hour chart, the coin's price fluctuates around the Bollinger Band's middle line, indicating a volatile state in the short term within a limited range. Considering the mixed situation on the daily chart, a loop formation in this range is possible in the short term. However, from a structural perspective, optimism prevails regarding bullish strength, and it is expected that the price will rise again after repeated attempts. Currently, the coin's price fluctuates around the middle line, so it is recommended to actively open long positions in early trading.