April 25th Bitcoin Analysis! Yesterday Bitcoin once again closed in the green, with a low of 91800 forming a rebound but not breaking through the previous high, indicating a slowdown in bullish momentum. The MACD death cross on the 1-hour level has already started to show, and the death cross on the 4-hour level has emerged. Everyone can set a short position at 96000, as 95000 is a key position for Bitcoin. The last market ended with speculation around the crypto summit, dropping from 94800. This wave of rising Bitcoin does not have many retail investors involved; it is being driven by institutions. If the price can effectively break through 95000, it is highly likely to trigger bullish sentiment and test the 100000 mark again.
Another possibility, which is my personal view: This wave of Bitcoin's rise has already exceeded the previous decline caused by tariff concerns, with Bitcoin growing healthily while Ethereum has not recovered. Trump is continuously issuing favorable statements and promoting TrumpCoin, along with numerous tokens applying for ETF listings, creating a cacophony of voices. The more this happens, the less one should blindly chase after bullish positions, as Trump's scythe will not spare believers. Even if there is a rate cut in June, the influx of funds in April is definitely premature. Therefore, I lean more towards a false breakout, meaning that the maximum at 96000 could be 98000.
Minor levels: Support at 91500, Resistance at 95000 Major levels: Support at 88000, Resistance at 98000
Bull-Bear Ratio: Bulls 50.92%, Bears 49.08 Institutional ETF: 4720 BTC inflow on April 24
Conclusion: It is not possible to keep rising; setting high short positions is not an issue. A pullback is necessary, and if lucky, we may catch a long upper shadow bearish candle.
#TRUMP晚宴 #以太坊的未来
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