Good morning, crypto enthusiasts! It's Tuesday, February 11, 2025, and Wang Yibo here, bringing you the latest market insights. Hit that like button and let's get rich together! 💰💰🌹🌹

US stocks closed higher yesterday (Dow +0.38%, S&P 500 +0.67%, Nasdaq +0.98%), with Chinese concept stocks hitting a two-month high. Despite Trump's new 25% tariff on steel and aluminum imports, the US dollar's reaction has been muted. Spot gold, however, reached a record high of $2913.01 per ounce. The crypto market is seeing a lot of volatility, with many new "garbage coins" and pump-and-dump schemes. My current strategy focuses on narrative-driven coins like LTC, XRP, HBAR, and SOL, which have potential for spot ETF approval (especially LTC, which could be approved soon). It's important to take profits and manage expectations.
Bitcoin's price action yesterday was uneventful, with limited movement in either direction. After reaching a high of 98335 and retracing to 96800, the market is in a technical adjustment phase due to a lack of new capital. While a short-term pullback is possible, strong support levels are in place, and a rebound is expected. This suggests the market isn't entirely bearish, and major players may be using the dip to accumulate more.
Ethereum also saw a high of 2692 before pulling back to around 2650. After a period of consolidation, Ethereum has broken through its price channel, demonstrating bullish strength. Despite the minor pullback, bulls are increasing volume, overpowering the bears. The recommended strategy is to buy the dips and anticipate further upward movement.
#BTC Market Trend Analysis #Which Altcoin ETF Could be Approved First? #BTC