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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, coin friends ☀ hardcore fan check-in 👍 like and get rich 🍗🍗🌹🌹
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Bitcoin, Ethereum, and SOL failed to break through the resistance level over the weekend and experienced a pullback. However, based on the weekly chart, the current oscillating market is close to the end, as it is unlikely to be over after only one month of rise following an 8-month pullback. The weekly chart shows that after breaking out of the range in early November, there has been a correction and recovery in the past two weeks. Ethereum may make a directional decision before the Lantern Festival, while SOL has been digesting a large amount of selling pressure since December without a clear upward trend. Recently, the market has been influenced by the Trump and Melania events, leading to a complex market trend and a certain plate-cleaning effect. Currently, Ethereum and SOL are accumulating energy, with continuous market optimism. In this bull market, new coins and altcoins have performed flatly, while older coins like XRP and ADA have shown significant gains. Due to the variety of cryptocurrencies in the 2025 crypto market, it is difficult for funds to fully support the development of new coins and altcoins, so choosing the right coins is crucial.
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Bitcoin remained in a small consolidation over the weekend yesterday. In the early session, it rose slightly to test the resistance at 97,200, but then fell back. It touched a low of 94,600 in the early morning, clearly breaking the 95,500 mark. As we mentioned in our live strategy, once it falls below 95,500, we should reverse our position. Unfortunately, the long positions we laid out last night suffered a loss of nearly 700 points. Looking at the current market, after experiencing a rebound of nearly 2,000 points, the price of the coin has gradually started to rebound. The price is slowly showing signs of an upward trend, and from the hourly perspective, it has started to rise continuously. The bullish momentum is gradually building up. As long as the price of the coin stabilizes above 96,000, it is still possible for the price to rise to around 97,500. We also anticipate a bullish counterattack in the morning, so it is advisable to focus on low positions for participation.
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After touching the high point of 2698 yesterday, Ethereum came under pressure and has been trending downwards, reaching a low point of 2518 in the early morning. Looking at the daily chart, the market has been in a continuous downtrend, with a spike up and down in the early morning. The overall structure is in a state of consolidation, but after consolidation, it will move upwards. As the high points continue to be refreshed and the low points continue to rise, this is a clear sign of a strong structure. The four-hour structure, after experiencing a spike up and down, is still operating at a high level. The pullback is just a normal corrective trend. From the current structure, the four-hour structure also has the momentum to push higher again, with continuous consolidation and accumulation. As the low points rise, we are now waiting for a breakthrough and the pullback has already been given. Pay attention to the interval testing of resistance above in the day session!