BTC and the overall market continue to consolidate, and it may soon change trend. The consolidation around 97000 is also due to a large number of chips being concentrated around this price level; no one is willing to give up the competition at this position. How the trend will unfold next, let’s review; this article only serves as a personal review and does not constitute any investment advice.#加密货币普及

First, the conclusion, followed by news and technical analysis:

Regarding BTC: Expected to consolidate between 94000-99000. There was a sharp drop in funding rates this afternoon for a while, indicating very strong short sentiment at that time. It has recovered somewhat now, but prolonged low-volume consolidation may soon lead to a change in trend.

Regarding BNB: Expected to consolidate between 640-690. Today, He Yi announced the positions, and a large amount of positions are in BNB, suggesting that BNB is still worth some expectation.

Regarding ETH: Expected to fluctuate around 2500-2900, trend is similar to Solana, and decentralized trading chains are currently quite sluggish.

For Dogecoin, Solana, XRP, and TRON, the main trend is fluctuating with Bitcoin. There hasn't been much big movement in the past two days; waiting for BTC to show a new direction to drive them.

Altcoin Season Index: This index shows that in the past 90 days, about 37 projects among the top 100 market cap coins have outperformed BTC, which is 3 fewer than yesterday, indicating weakened altcoin sentiment.

From the news perspective, regarding the U.S. Bitcoin policy, Satoshi Action Fund co-founder Dennis Porter stated that by 2025, over 30 states in the U.S. will have policies supporting Bitcoin and digital assets. The Bitcoin market sentiment indicator on February 15, CryptoQuant analyst Maartunn mentioned that the Inter-Exchange Flow Pulse (IFP) indicator turned bearish. This indicator judges market sentiment by monitoring Bitcoin's flow between spot and derivative exchanges; inflows into derivative exchanges usually correspond to a bull market, while outflows indicate a bear market.

Next is the technical analysis:

1. From BTC's K-line, the low trading volume and narrow fluctuations in recent days may soon lead to a change in trend.

2. Greed and Fear Index Observation: Currently at 54, which belongs to the neutral range, confidence is gradually recovering.

3. BTC perpetual contract funding rate is 0.0040%, ETH is 0.0052%. There was a period this afternoon with a very low rate, indicating that the short positions were still strong at that time and have not returned to normal bull market levels.

4. Observing the maximum pain point of options in the next three months, there is not much impact in the range of 97000-98000 within three days; at the end of March, there is a maximum pain point of 10.4 billion nominal amount at 85000 that needs attention.

5. Spot ETF Observation: U.S. stock markets are closed over the weekend; observe again on Monday.

6. Looking at the RSI Relative Strength Index, the 24-hour indicators show: Litecoin is in a strong position, BNB is in a strong position, BTC, ETH, TRON, Litecoin, Solana, XRP, and Dogecoin are neutral in the last 24 hours. Most other mainstream and altcoins are also neutral.

7. From the Top-Taking Index, it is currently in the lower middle range, at a moderate position.

8. BTC Holding Index is at 1.20, basically suitable for dollar-cost averaging.

Horizontal markets must eventually fall is a curse; if you are worried, consider switching to BTC or leaving some positions open. Wait for BTC to start moving before deciding on the trends of other coins.$BTC $ETH $XRP