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📅 Crypto Events for Tomorrow ✔️2024/02/18 - $TLOS | Toronto Meetup, Canada ✔️2024/02/18 - $XLM | Nairobi Meetup, Kenya #Gate Post Highlights##ContentStar##比特币##BountyCreator##HotTopicDiscussion##GateioBountyCreator##Crypto #

Never did. Excalidraw is for post-edits and branding. Was flourish -> excalidraw but recently GPT has been good at converting directly to excalidraw objects May make that the new flow for better graphics

The price of Bitcoin has started to show signs of weakness after reaching a high of $117,266. Although there are still minor fluctuations, the upward momentum has noticeably weakened. Currently, the price of Bitcoin is hovering around $117,059, facing significant resistance at $117,266. Considering the current market sentiment and recent trends, analysts expect Bitcoin to possibly experience a pullback in the short term. They suggest that investors may consider adopting a short strategy in the range of $117,000 to $117,300, while setting a stop-loss point at $117,500. If the downward trend is established, the price may dip to $115,500, or even $114,800. On the Ethereum front, analysts are similarly cautious. They suggest considering short positions in the range of $4,800 to $4,830, with $4,850 as the stop-loss level. If the decline continues, the price of Ethereum may drop to $4,700, or even $4,600. It is worth noting that these predictions are based on current market conditions, and investors should closely monitor market changes and adjust their strategies in a timely manner. The cryptocurrency market is highly volatile, and investors should fully assess the risks before making any decisions.

The Bitcoin market has seen a significant rise in recent trading, mainly influenced by the statements of Federal Reserve Chairman Powell. On the daily chart, Bitcoin's price shows a strong upward momentum, with a single-day increase of over 5000 points. This trend effectively reverses the previous downward trend, highlighting the important impact of macroeconomic news on the encryption currency market. From a technical analysis perspective, the current key resistance level is around $116,700. If the price can break through and stabilize above this level, the next target may be $118,200. On the other hand, the main support level is around $114,600, and if the price falls back, investors need to closely monitor whether this level can effectively provide support. For trading strategies, investors may consider short-term trades around $116,700, with a target price of $114,600. However, if the price breaks above $116,700, it may be necessary to wait until the price approaches $118,200 before considering short positions. Additionally, if the price pulls back to $114,700 but does not fall below this level, investors may need to change their strategy and consider buying at a lower price after confirming the end of the pullback. It is worth noting that the cryptocurrency market is highly volatile, and investors should thoroughly assess risks before making any trading decisions, developing appropriate strategies based on their personal risk tolerance and investment objectives. At the same time, it is also very necessary to continuously pay attention to market dynamics and changes in the regulatory environment.