April 29 Recent cryptocurrency market is influenced by macro policies. For example, the new FDIC regulations signal the entry of banks, which may bring long-term benefits to the market. However, in the short term, the market still needs to digest high-level pressure.
1. Review of Yesterday
$BTC : Yesterday's lowest point was 92704, the highest point was 95596, with a fluctuation of 2852, and an amplitude of 2.98%
$ETH : Yesterday's lowest point was 1742, the highest point was 1826, with a fluctuation of 84.18, and an amplitude of 4.61%
2. Today's Analysis
BTC current quote is 94849, yesterday BTC price showed a trend of fluctuating downwards. Bitcoin faced pressure at a high level around 94500 USD early in the morning, followed by a pullback, reaching a low of around 92700 USD, and closing slightly rebounding, but overall failing to stabilize above 95000 USD. The 4-hour candlestick chart shows a top divergence signal, indicating short-term pullback risk, with 92000 USD considered as a key support level. The intraday fluctuation is about 2000 points, indicating certain selling pressure exists during the high-level consolidation.
BTC Resistance: 96,000 USD
BTC Support: 91,500 USD
ETH current quote is 1796, yesterday ETH price overall showed a weak fluctuating trend, failing to break through the key resistance level, displaying a more apparent weakness compared to Bitcoin. Ethereum price fluctuated in the range of 1790-1820 USD, reaching a high of around 1820 USD, but failing to hold, and subsequently dropping back to the support area of 1770-1790 USD. ETH daily line closed with a small bullish candlestick, and trading volume slightly increased compared to the weekend but still at a normal level, reflecting strong market wait-and-see sentiment.
ETH Resistance: 1856 USD
ETH Support: 1,700 USD
3. Summary
BTC fluctuates in the range of 92000-94500 USD, and short-term pullback risk still exists, with 92000 USD as key support. If the price stabilizes above 95000 USD, it may regain upward momentum; conversely, breaking below 92000 USD could trigger further decline. Attention should be paid to technical indicators and changes in market sentiment, operate cautiously.
Ethereum fluctuates in the range of 1770-1820 USD, closing weakly, failing to break through the key resistance of 1820 USD, and short-term downward risk still exists. 1770 USD is an important support, breaking below it may further test 1690 USD; if it breaks through 1820 USD, it can be seen rising to 1875 USD. Attention should be paid to the breakthrough situation of channel support and resistance, and operate cautiously in conjunction with clearing heat map data.
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