Bought the dip! 20250220

CN
1 day ago

Good evening, brothers!

Although it is not yet the vibrant spring of March and April, the spring in my heart cannot help but make a noise. This morning, I noticed the willows along the river already showing a hint of goose yellow, and some plum trees are stunningly adorned with blossoms…

Sitting under the sun with a cup of tea, I am already sweating all over. I enjoy this slow anticipation of spring's arrival. Spring has no direction; it only cares about blooming.

Under the flowering trees, it seems like time has also learned to tiptoe. Spring is never biased; it gives both desolation and prosperity the courage to start anew.

……

The minutes from the Federal Reserve's January meeting show that officials reached a consensus that they need to see inflation continue to decline before further rate cuts.

Participants pointed out that there are upside risks to the inflation outlook, particularly mentioning the potential impacts of changes in trade and immigration policies.

The minutes also noted a considerable degree of optimism regarding the economic outlook, partly due to market expectations of regulatory easing or changes in tax policy.

BTC: On the 4-hour level, the price continues to stay near the upper Bollinger Band, showing a strong price trend.

On the daily level, the price continues to oscillate near the moving averages.

In summary, the support level is 97000, and the resistance level is 97300.

ETH: On the 4-hour level, the price continues to stay above the middle Bollinger Band, with a healthy price trend. The support level is 2710, and the resistance level is 2740.

LTC: The price has retraced to the middle Bollinger Band, and the short-term market is approaching the oversold zone. Pay attention to price bottoming opportunities. The support level is 120, and the resistance level is 140.

BCH: The price continues to oscillate near the middle Bollinger Band, with a support level of 310 and a resistance level of 330.

That's all for now, good night!

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