๐ Gate Square Growth Points Summer Lucky Draw Round 1๏ธโฃ 2๏ธโฃ Is Live!
๐ Prize pool over $10,000! Win Huawei Mate Tri-fold Phone, F1 Red Bull Racing Car Model, exclusive Gate merch, popular tokens & more!
Try your luck now ๐ https://www.gate.com/activities/pointprize?now_period=12
How to earn Growth Points fast?
1๏ธโฃ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2๏ธโฃ Complete daily tasks like posting, commenting, liking, and chatting to earn points
100% chance to win โ prizes guaranteed! Come and draw now!
Event ends: August 9, 16:00 UTC
More details: https://www
Track real-time hotspots in the currency circle, seize the best trading opportunities. Today is Monday, February 10, 2025. I am Wang Yibo! Good morning, crypto friends โ hardcore fan check-in ๐ thumbs up for great wealth ๐๐๐น๐น
๐
๐
Over the weekend, Bitcoin, Ethereum, and SOL failed to break through the resistance level and experienced a pullback. However, from the weekly chart, it seems that the oscillating market is approaching its end, considering that it took 8 months for the previous correction, so it's unlikely to be over in just 1 month. The weekly chart indicates that after breaking out of the range in early November, the past two weeks have been a period of retracement and repair. Ethereum may have a directional decision before the Lantern Festival; SOL, since December, has shown no clear upward trend, and the Chuanzi-related events have caused it to digest a large amount of selling pressure. Recently, influenced by the Trump and Melania events, the market trend has become complex, playing a certain role in washing out weak positions. Currently, Ethereum and SOL are accumulating energy, and the market is continuously optimistic. In this bull market, new coins and relatively new coins have performed flatly, while the gains of older coins led by XRP and ADA should not be underestimated. Due to the variety of cryptocurrency market coins in 2025, it is difficult for funds to fully support the development of new coins and relatively new coins, so the choice of coins to enter is crucial.
๐
๐
Bitcoin remained in a small consolidation over the weekend yesterday, with a slight upward test of the high point at 97200 in the morning and pressure back to the fall. In the early hours, the lowest touched 94600, and the price obviously fell below the 95500 mark. As we mentioned in the live broadcast strategy, as long as it falls below 95500, we should turn around. The long position we laid out last night also regretfully swept losses of nearly 700 points of space. Looking at the current market, after experiencing a wave of nearly 2000 points of rebound, the big cake has gradually started to rebound, and the price has slowly started to show a trend of upward movement. Moreover, from the hourly level, it has already been continuously rising, and the bullish momentum is still gradually being released. As long as the big cake stabilizes above 96000, the price is still likely to rise to around 97500, and the morning is also optimistic about the bull's counterattack, with a focus on participating in low long positions.
๐
๐
After reaching the high point of 2698 yesterday, Ethereum came under pressure and continued to decline, reaching a low point of 2518 in the early morning. Looking at the daily chart, the market has been in a continuous downward trend, with a wave of up and down spikes in the early morning, indicating a consolidating structure. However, after consolidation, it will eventually move upwards. As the high points continue to be refreshed, the low points are also being raised, indicating a clear strong structure. The four-hour chart, after the up and down spikes, is still running at a high level, and the pullback is just a normal corrective trend. From the current structure, the four-hour chart has the potential to rise again, accumulating energy through continuous consolidation. As the low points rise, we are now waiting for a breakthrough and opening of space. The pullback has already occurred, and attention should be given to the testing of resistance levels in the day session!