BTC: As of April 25, 2025, the current price of BTC is $93,700; observing from the daily chart, yesterday's high close pattern appears to resemble a 'hanging man,' indicating a hesitant market attitude, suggesting that a significant amount of selling activity may have occurred.

On-chain data shows that a net inflow of $442 million into U.S. spot Bitcoin ETFs occurred yesterday, and institutional funds remain optimistic about the future market; however, turnover rate has decreased, indicating a reduction in market activity. According to URPD on-chain data, $96,300 serves as a strong resistance level, while $91,600 is a key support level. The current price is repeatedly contesting around $94,000.

On a macro level, the U.S. announced tariff reductions on some auto parts from Long Brother, which was followed by Long Brother's response regarding reduced tariffs on certain U.S. semiconductors and components. These messages have effectively alleviated market concerns over the trade war, boosting the cryptocurrency market. U.S. GDP and PCE data will be released on April 30, which is expected to have a significant impact on market sentiment.

Overall, based on URPD data, $96,300 is a strong resistance level for BTC, while $91,600 is an important support level. The current BTC price is repeatedly contesting around $94,000; without significant positive stimuli, Bitcoin may continue to fluctuate within the range of $91,600 to $94,500 in the short term. The upcoming release of U.S. GDP and PCE data on April 30 will be crucial in influencing market sentiment.

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