February 20, 2025 Bitcoin and Ethereum Market Analysis and In-depth Interpretation of the Impact of PI Coin Launch

**Click the link to watch the video: **https://www.bilibili.com/video/BV1gaAHeGE8C/

1. Analysis of Market Impact from PI Coin Mainnet Launch

Launch Time and Trading Arrangement The PI Network mainnet officially opened on February 20, 2025, with OKX exchange simultaneously starting trading. The specific timeline is as follows:

Collective Auction: 15:00-16:00 Spot Trading: 16:00 Withdrawal Opens: February 21, 16:00 The exchange will implement risk control measures, prohibiting market orders for the first 5 minutes to reduce market volatility risk.

Market Reaction and Price Fluctuation

The price of Huobi IOU once surged to $100 but then fell back to around $80, with a 24-hour increase of over 70%;

On the first day after OKX launched, the trading volume reached $639,000, with the price soaring from $48.24 to $99.96, an increase of 85.47%;

Long-term controversies (such as the inability to cash out during the closed mainnet phase) may trigger short-term selling pressure, but the expectation of ecological applications landing after the mainnet opens (over 100 mainnet-ready DApps) supports the price.

Impact on Mainstream Coins

Capital Diversion Effect: Some investors may convert their Bitcoin and Ethereum holdings into PI coins, exacerbating the volatility of mainstream coins;

Sentiment Transmission: The high volatility of PI coins in the early stages of launch may affect the overall risk appetite of the cryptocurrency market, requiring attention to the correlation between BTC/ETH and PI coins.

2. Bitcoin (BTC) Technical Analysis and Trading Strategy

Multi-Cycle Technical Indicator Analysis

Daily Level:

Price is above MA5/MA10 (96,000-96,800), but is hindered by MA30/MA60 (98,400-99,300); MACD is flat below the zero line, and KDJ is converging around 50, indicating a window for directional choice.

4-Hour Level: Broke through MA30/MA60 (97,000), but MA120 (97,500) is forming resistance, with a contracting triangle pattern waiting to break.

1-Hour Level: MA256 (96,600) has turned into support, but signs of a top divergence (RSI high point moving down) suggest a risk of pullback.

Key Price Levels and Strategy

Resistance Zone: 97,500 (4-hour MA120), 98,400-99,300 (daily MA30/60);

Support Zone: 96,600 (1-hour MA256), 94,000-95,000 (Fibonacci 38.2% + daily EMA30);

Trading Suggestions:

Short Position: Enter lightly at 97,500, add to the position at 98,300 on a rebound, target 96,500-96,000;

Long Position: Gradually build in the 94,000-95,000 area, with a stop loss set below 93,000.

3. Ethereum (ETH) Technical Analysis and Trading Strategy

Multi-Cycle Technical Indicator Analysis

Daily Level:

Continuously oscillating around MA5/MA10 (around 2,670), with strong resistance above at 2,780-2,820 (previous high + weekly MA60);

4-Hour Level:

Price is nearing MA120 (2,760), with MACD red momentum bars shrinking, needing to verify support at the 2,700 integer level;

1-Hour Level:

MA256 (2,680-2,700) forms key support, and a loss of this level may lead to a pullback to 2,620 (Fibonacci 50%).

Key Price Levels and Strategy

Resistance Zone: 2,760 (4-hour MA120), 2,800 (psychological level);

Support Zone: 2,700 (integer level), 2,680 (1-hour MA256);

Trading Suggestions:

Short Position: Enter lightly at 2,750, add to the position at 2,800 on a rebound, target 2,650-2,700;

Long Position: Follow Bitcoin's short-term trend, focusing on the effectiveness of the 2,680 support.

4. Market Sentiment and Capital Flow

Sentiment Indicator: The Fear and Greed Index remains at 48 (neutral), but the optimistic sentiment of professional investors contrasts with the low morale of retail investors;

Bitcoin futures open interest has increased to $25 billion, indicating that institutional betting direction is unclear.

Capital Dynamics: Bitcoin ETF saw a net outflow of $3.5 million this week, but the market capitalization of stablecoins (USDT/USDC) grew by 26%, indicating potential buying pressure;

Ethereum DeFi TVL has surpassed $100 billion, with ecological activity supporting the price center.

5. Comprehensive Assessment and Risk Warning

Short-term Disturbance from PI Coin: High volatility in the early stages of launch may exacerbate market uncertainty, requiring caution against liquidity siphoning effects;

Key Trends for BTC/ETH: Bitcoin needs to hold above the 96,600 support to maintain a rebound structure, while Ethereum must break through 2,760 to open up upward space;

Macroeconomic Variables: Expectations of Federal Reserve policy and fluctuations in tech stocks (Nasdaq futures down 0.3%) may suppress cryptocurrency market sentiment.

Core Trading Logic: Focus on a range oscillation strategy during the day, closely observing market capital flow after the launch of PI coin trading, and strictly setting stop losses to avoid sudden risks.

This article is independently written by (Coin Victory Group). Friends in need of current price strategies and solutions can find Coin Victory Group across the internet. Recent market trends have been primarily oscillatory, accompanied by intermittent spikes, so when trading, remember to control profit-taking and stop-loss effectively. In the future, when facing significant market data, Coin Victory Group will also organize live broadcasts across the internet. Friends who wish to watch can find Coin Victory Group online.

Mainly targeting spot, contracts, BTC/ETH/ETC/LTC/EOS/BSV/ATOM/XRP/BCH/LINK/TRX/DOT

Specializing in styles, mobile locking strategies revolve around high and low support and resistance for short-term wave highs and lows, medium to long-term trend positions, daily extreme pullbacks, weekly K-top predictions, and monthly head predictions.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。