Fundamentals:
1. The U.S. SEC will hold a cryptocurrency roundtable at 1 AM Beijing time on April 26.
2. The Republican Hospital openly challenges Trump: Protect the Federal Reserve as soon as possible, stay away from the 'claws' of the White House.
3. Wall Street traders are in chaos, with the dollar, U.S. bonds, and U.S. stocks all in disarray, fluctuating based solely on Trump's words, causing unprecedented turmoil with his daily 'rhetoric'.
4. The probability of the Federal Reserve maintaining interest rates unchanged in May has dropped to 91.7%; Federal Reserve officials warn: If high tariffs lead to a spike in the unemployment rate, they will support interest rate cuts!
Technical analysis:
BTC: Previously mentioned that the new chairman of the U.S. SEC is a close associate. The SEC cryptocurrency roundtable meeting at 1 AM tonight may bring some favorable factors. After a three-day large bullish trend following a ten-thousand-point increase, it has entered a high-level consolidation in the 918-945 range. Currently, this is a normal technical adjustment, a repair of the technical gap. This adjustment will not last too long, generally lasting two or three days before the market begins to form new minor trends. Currently, there are many favorable factors in the market, but on the technical side, there is a huge selling pressure in the 95-98 range. Breaking through this range requires sufficient trading volume. From the 4-hour perspective, yesterday's pullback near 918 entered a rebound again, touching near 945 in the morning before retracing, which is a sign of the bulls attempting to push up and also a release of pressure at the 95 level above. The intra-day market is mainly consolidating in the 918-945 range, focusing on high-low strategies, with an emphasis on the favorable policies that may emerge from the SEC cryptocurrency roundtable meeting early in the morning.
ETH: The daily level has entered an adjustment phase, following two consecutive large bullish candles that have resulted in a small bearish candle with reduced volume. The moving averages below continue to extend upwards, and Ethereum has entered a downward trend after reaching new highs, with the 7-day moving average forming a golden cross with the 30-day moving average for the first time. The daily trend for Ethereum leans more towards pulling back to the moving averages for support and continuing to rise. The 4-hour line is in a phase of adjustment after rising, with support forming around 1740. The subsequent market focuses on signals of increasing volume on the 4-hour line to capture the next round of upward movement for Ethereum. In daily operations, the key support levels to watch are 1740-1720 below, while resistance at 1780-1800 above should be monitored. In the short term, the important defense for Ethereum bulls is at the 1700 level.
Altcoins: Currently, Ethereum is in a phase of upward adjustment, with altcoins making slight adjustments. The next buying point focuses on Ethereum's daily line pullback to the 1700-1720 level without breaking, showing signs of strong upward movement to capture the second round of buying points for altcoins. Currently influenced by some of Trump's activities, the meme sector is performing quite actively, and some potentially promising small-cap memes can be focused on, with WIF and people showing daily pullback buying opportunities. In the AI sector, TAO and FET continue to rise, while LPT has seen a large increase followed by a pullback, forming support around 5 in the past two days, which can be emphasized.
If anyone wants to take specific actions, feel free to S!
