Track real-time hotspots in the currency circle, seize the best trading opportunities. Today is Sunday, February 9, 2025. I am Wang Yi Bo! Good morning, everyone ☀ hardcore fan check-in 👍 like and make a fortune 🍗🍗🌹🌹

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I thought the negative impact of the interest rate cut had been gradually absorbed by the market. Judging from the market sentiment and the trend of the index, it seemed like a great opportunity to make a profit by buying low and selling high. However, suddenly Trump announced that he would impose equivalent tariffs on multiple countries next week, and instantly all the news became negative. Since Trump took office, he has not done anything good for the cryptocurrency industry. Instead, he has stirred up the market and left investors without confidence, while also taking advantage of the situation. The highly anticipated Ethereum ETF, which was supposed to be pledged, has been postponed until April. It is clear that the project team is adjusting their strategy based on the interest rate timeline, and those who speculated and bet early have suffered losses. Currently, the market is severely lacking in liquidity, funds seem to have dried up overnight, and investors have been left with nothing to buy the dip. We can only wait and observe, and not make impulsive moves until the market recovers.
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The yield on US government bonds ended a turbulent week with mixed trends as the threat of tariffs raised concerns about short-term inflation and later economic growth. Forecasters have been trying to estimate the impact of tariffs on prices, but the intermittent actions of the Trump administration have made this task complicated. CPI and PPI for January will be released next week, and the market is showing a reduced bet on the Fed's interest rate cuts multiple times this year. The release of data will bring volatility to cryptocurrencies in the short term, so pay attention!
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On Saturday, Bitcoin and Ethereum were in a narrow range of consolidation. There is not much room for retracement. The liquidity weakened over the weekend, which is quite frustrating. It is highly likely to continue the narrow range of consolidation. At least there won't be significant volatility during the day session. The daily chart has been repeatedly supported by the lower band, providing some rebound space. Overall, it is in a phase of building up momentum at a low level. We still treat the current pattern as a correction and pullback. The upward trend in the larger time frame has not changed. It is just that the previous correction did not complete the bullish accumulation, so another retracement is needed, which is a second correction. After the final completion of the correction, the strong trend will continue. The current retracement is also basically in line with our expectations. If you want to trade, it is best to focus on short-term trades.