Finance Research Society～April 24, 2025

U.S. President Trump stated that the current high tariffs on China will significantly decrease, but will not reach zero. He will adopt a friendly attitude in negotiations with China, rather than a tough stance. Earlier, U.S. Treasury Secretary Basant mentioned in a closed-door investor meeting that the trade war between the U.S. and China is unsustainable and he expects it to ease. Following this statement, the U.S. stock market rebounded significantly.

Bitcoin has continued to rise to around 94,700, but the current market is in a period of stagnation and requires a pullback. The four-hour MACD and KDJ indicators are at high levels with a slight dead cross, and there is a divergence at the one-hour peak, indicating that a pullback and adjustment of indicators is needed for the short cycle.

Bitcoin today's fluctuation range reference:

Support levels: around 90,600, around 89,500, around 88,600

Resistance levels: around 93,500, around 94,000

Ethereum today's fluctuation range reference:

Support levels: around 1,700, around 1,658, around 1,635

Resistance levels: around 1,790, around 1,830

Ethereum is at a high level on the one-hour chart, and on the four-hour chart, it has moved away from the upper Bollinger band. The short cycle will also follow Bitcoin's pullback; high-level fluctuations will not drop directly but will require some time at high levels before adjustment. #加密货币总市值重回3万亿 $BTC $ETH