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Follow the latest trends in the world of cryptocurrencies and take advantage of the best opportunities for deals. Today is Tuesday, February 11, 2025, I am Van I Bo! GM, crypto friends☀️hardcore fan filled out the card👍liked and made big money🍗🍗🌹🌹
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American stocks rose on Monday, with the Dow up 0.38%, the S&P 500 up 0.67%, and the Nasdaq up 0.98%, reaching a two-month high. Yesterday evening, Trump signed an executive order announcing a 25% tariff on all steel and aluminum imports into the United States, with no exceptions. However, the dollar is currently reacting calmly to the news of the tariff, and gold on the local market reached a record high at the start of trading at $2913.01 per troy ounce. The current cryptocurrency market has lost its former stability, especially in the context of garbage, the introduction of new coins on the primary market for arbitrage, and the collapse in the secondary market. The strategy now is to invest in narrative-driven assets such as LTC, XRP, HBAR, and SOL, which have expectations for the approval of physical ETFs, especially LTC, which may be approved in advance, but it is also necessary to know when to reduce positions to secure profit and not to overstate expectations!
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Yesterday's evening Bitcoin trend was generally calm, both sides of the market showed a certain lack of continuity, after the instant price surge reached a high point of 98335 in the evening, the overall trend showed a tendency to return to a low point of 96800. Overall, the market entered a technical correction stage in the absence of funds growth. From a technical analysis perspective, it is known that Bitcoin needs correction in the short term, but the lower support is obvious. In addition, the area close to the key support with a high concentration of previous chips can effectively meet supply, indicating that coin prices may rebound from the bottom, indicating that the market has not fully transitioned into a vacuum, and key funds may attract funds by repelling.
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Ether also rose to a maximum of 2692 in the evening and then retreated, now fluctuating around the level of 2650. In a short period of time, prices are steadily rising in the form of smooth growth, successfully breaking the price channel, showing the unwavering strength of the bulls. Despite the limited retreat, the bulls continue to increase their volume in virtual and real environments, suppressing the bears. Therefore, our strategy is to buy on the pullback and expect further bullish growth.