Track current events in the coin field, use the best deals. Today is February 12, 2025, Wednesday. I'm Van Yi-bo! GM, coin friends ☀ hardcore fan is celebrated 👍 likes and enriches 🍗🍗🌹🌹

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The three main US stock indexes closed mixed overnight: the Dow rose 0.28%, the S&P 500 rose 0.03%, and the Nasdaq rose 0.36%. Tesla fell more than 6%, declining for the fifth consecutive day on a daily basis, reaching a new closing low since November of last year. Federal Reserve Chairman Jerome Powell testified before the Senate Finance, Housing, and Urban Affairs Committee to provide semi-annual testimony on monetary policy and answer lawmakers' questions. Powell reiterated that there is no need to rush to adjust interest rates, and he remains focused on achieving the dual mandate and will not change the 2% inflation target. There is an institutional model of Fed sentiments that assessed Powell's comments as slightly hawkish, but in a neutral range Powell continued to 'play tai chi': if inflation does not improve, keep interest rates unchanged; if the economy slows further, lower interest rates. Consumer price index data as of 21:30 tonight will provide a certain reference for the Fed's future policy direction, and the short-term outlook will also affect cryptocurrency throughout the day!
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Bitcoin attempted to attack several times during the day, but unsuccessfully, late at night it began to systematically penetrate the cavity, the negative mood began to prevail slightly, minimally reaching 94817, settling at the lower level. From a technical point of view of the daily chart, it shows a certain alternation of growth and fall patterns, the overall market structure is in a state of fluctuations, both sides find themselves in a complex game, hoping for a balance break. Short-term power reduction begins to slow down. If the price can hold above 95500, there is hope for further resistance testing in the range of 96500-97200. In addition, if the hourly chart shows a bullish pattern ( such as a hammer or engulfing ), this will reinforce the rebound signal. We recommend paying attention to the change in transaction volume and the situation with breaking the key resistance at the top, for short-term operations, long positions can be easily placed.
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Ether has also succumbed to bear pressure and temporarily retreated, pausing at the 2555 level before breaking down. Ether's daily chart remains within a downtrend channel, approaching the upper channel boundary during the day and retracting. Currently, we should focus on the four-hour chart and observe whether a short-term reversal can break below the lower channel boundary on the upside movement with support at the 2550 level. We are currently at a support level on the hourly chart, and it will take some time before we see a bottoming out, so we will need more time to open long positions. The battle between the bulls and bears will definitely be very intense in the evening, so we need to prepare in advance.