*Cryptocurrency Market Update - February 16, 2025**
**Presenter:** Irfan Qaisar
**Key Takeaways:**
**Summary:**
Bitcoin (BTC) and Ethereum (ETH) prices dropped sharply overnight, hitting lows of **96,304** (BTC) and **2,643** (ETH), showing "long wick candles" (indicating strong selling pressure). Both saw minor rebounds afterward, but the upward momentum is weak.
**Analysis:**
The 4-hour chart shows BTC’s price fell rapidly, entered a slow decline, then dropped again before rebounding. However, technical indicators suggest the rebound might not last, and prices could dip again.
**Strategy Suggestion:**
- **BTC:** Buy (*long*) near **96,000**, aiming for **98,500**.
- **ETH:** Buy (*long*) near **2,630**, targeting **2,750**.
Focus on buying at lower prices rather than chasing the rebound.
#BTC #ETH
**Presenter:** Irfan Qaisar
**Key Takeaways:**
**Summary:**
Bitcoin (BTC) and Ethereum (ETH) prices dropped sharply overnight, hitting lows of **96,304** (BTC) and **2,643** (ETH), showing "long wick candles" (indicating strong selling pressure). Both saw minor rebounds afterward, but the upward momentum is weak.
**Analysis:**
The 4-hour chart shows BTC’s price fell rapidly, entered a slow decline, then dropped again before rebounding. However, technical indicators suggest the rebound might not last, and prices could dip again.
**Strategy Suggestion:**
- **BTC:** Buy (*long*) near **96,000**, aiming for **98,500**.
- **ETH:** Buy (*long*) near **2,630**, targeting **2,750**.
Focus on buying at lower prices rather than chasing the rebound.
#BTC #ETH