Review of Bitcoin (BTC) price performance: On April 25, the price of Bitcoin was around $95,073, with a 24-hour increase of 2.58%. However, market sentiment was bearish, with a negative funding rate (-0.023%) indicating that short positions were dominant. On April 26, Bitcoin failed to break through the strong resistance level of $95,000, and trading volume shrank by about 30% compared to the previous day, showing insufficient momentum for a breakout. Speculation: On April 26, Bitcoin may continue to oscillate in the range of $82,000-$95,000 or experience a slight decline, testing the support level of $81,600. The key resistance level is at $95,900; without significant catalysts (such as easing of Federal Reserve policy or tariff relief), it will be difficult to return to $100,000. Market sentiment: Bearish sentiment dominates due to factors such as volatility in US stocks and uncertainty in tariff policy, prompting investors to turn to safe-haven assets like bonds and gold. The negative funding rate and rising leverage indicate an increase in short positions, which could trigger a short-term correction. Platform analysis (e.g., @Cryptodengta) points out that $93,400-$93,500 is a short-term divergence point, where shorts do not have complete control, but bullish momentum is insufficient. Conclusion: On April 26, Bitcoin is likely to be bearish or oscillate, with prices possibly in the range of $82,000-$95,000. Attention should be paid to US stock performance and changes in global liquidity. Ethereum (ETH) price performance: On April 25, Ethereum's price was supported by ETF fund inflows (data from December 24: consecutive inflows of $130.8 million and $53.6 million), but it experienced significant volatility recently, with a price of about $3,373 at the end of December. On April 26, Ethereum followed Bitcoin's trend, failing to break through key resistance levels (such as $1,606), with short-term support around $1,400. Speculation: On April 26, Ethereum may oscillate in the range of $2,000-$3,500 or see a slight increase due to ETF fund inflows. If Bitcoin faces increased downward pressure, Ethereum may test the support level of $2,000; if market risk appetite improves, it may rebound to $3,500. Market sentiment: Generally bullish but cautious, due to factors such as ETF fund inflows and long-term positive factors (such as Pectra upgrades, DeFi growth) supporting prices, while macroeconomic uncertainties (such as trade war risks) limit the extent of the increase. Platform analysis (e.g., @AlvaApp) indicates that Ethereum's technical indicators are weak, with significant short pressure, necessitating caution against downside risks. Market optimism about Ethereum's long-term potential suggests it may break through $6,500 by 2025, but in the short term, it is constrained by Bitcoin's trend. Conclusion: On April 26, Ethereum may oscillate or be slightly bullish, with prices in the range of $2,000-$3,500, requiring attention to Bitcoin's trend and ETF fund movements. Detailed analysis and influencing factors: Macroeconomic and policy: Tariffs and US stocks: In Q1 2025, the trade tariffs proposed by the Trump administration triggered market volatility, increasing the correlation between cryptocurrencies and US stocks (the average correlation coefficient between Bitcoin and the S&P 500 in 2024 was 0.51). On April 26, if US stocks continue to decline, Bitcoin and Ethereum may face pressure. Federal Reserve policy: The market expects the Federal Reserve may cut interest rates in 2025; if there are relevant signals on April 26, it could boost the cryptocurrency market; conversely, tightening expectations will exacerbate bearish sentiment. Regulatory dynamics: The Trump administration's pro-crypto policies (such as changes in SEC leadership) boost long-term confidence, but regulatory uncertainty remains in the short term. Technical analysis: Bitcoin: On April 26, the one-hour level rebound is not over, but the daily Bollinger band upper track ($95,000) offers strong resistance. The key support level is $81,600; if breached, it may further explore $75,000. Ethereum: The four-hour level shows that the decline is not complete, with $1,606 as the upper resistance and $1,400 as extreme support. The 50% Fibonacci retracement level ($2,120) is a key observation point. Market dynamics: Fund flows: Bitcoin ETF saw a net inflow of $36 billion in 2024, expected to exceed $250 billion in 2025, supporting a long-term bullish outlook; Ethereum ETF inflows enhance short-term confidence. Security and confidence: In Q1 2025, incidents of theft in the crypto market surged (resulting in losses of $1.78 billion), potentially undermining investor confidence on April 26, affecting price stability.