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Track real-time hotspots in the crypto world and seize the best trading opportunities. Today is Sunday, August 17, 2025. I am Wang Yibo! Good morning, fellow crypto friends ☀️ Daily attendance 👍 Like and make a fortune 🍗🍗🌹🌹
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The cryptocurrency market has seen a significant decrease in trading volume over the weekend, resulting in price fluctuations being compressed within a narrow range. This sideways consolidation has lasted for nearly 24 hours, forming a standard rectangular consolidation pattern, but overall it tends to be stable! The wide fluctuations after a sharp decline may also signal a market reversal. Generally speaking, if the price of the coin experiences broad fluctuations at a low level for a period of time, and the subsequent fluctuation amplitude exceeds the previous lowest or highest point, then the likelihood of a subsequent upward reversal is relatively high. Pay attention to Yi Bo to grasp real-time market dynamics, so as to seize opportunities in the ever-changing market.
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Bitcoin fluctuated within a narrow range of 117,000 to 117,800 yesterday, with limited overall volatility and a lack of the previously common significant directional breakthroughs. The volatility space has significantly narrowed, and the market presents a "wait-and-see" attitude. The Bollinger Bands on the hourly chart continue to narrow, with the distance between the upper and lower bands gradually tightening. This pattern clearly indicates that the forces of both bulls and bears have temporarily reached a balance, forming a certain "tacit understanding" that lacks sufficient momentum to break the deadlock, with the overall situation remaining cautious. Currently, the price movement is stuck, lacking major actions, but in the short term, the bulls still hold a relative advantage. The potential upward momentum has not completely dissipated; it is merely suppressed by the narrow range of fluctuations. The market exhibits alternating small bearish and bullish movements, with neither side forming a strong one-sided trend. The current market has entered a stage where both bulls and bears are pulling against each other, and the overall trend continues to oscillate within the range. In terms of operations, we still maintain a strategy of shorting high and longing low.
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Ethereum encountered significant resistance after rebounding to a high of 4491 during yesterday's early trading session, subsequently showing a fluctuating downward trend, with a minimum dip to the 4373 line before rebounding. In the early morning, it tested a high of 4440, with a relatively balanced force between bulls and bears over the weekend. The four-hour level shows that the price is slowly operating above the lower Bollinger Band, with both bullish and bearish momentum showing weakness, indicating that the market has entered a narrow consolidation phase. The one-hour MACD histogram has turned positive from negative, and the fast and slow lines are beginning to approach the zero axis. After breaking through the middle Bollinger Band, the pace has slowed down, showing a stalemate of alternating yin-yang candlesticks, with neither side gaining a clear advantage. Currently, the market is in a tug-of-war phase between bulls and bears, and the overall pattern still maintains a range-bound fluctuation characteristic. It is recommended to continue adopting a high sell low buy approach around the range.