April 30 Market Analysis

Fundamentals:

1. The US SEC has postponed the decision to allow Fidelity to add staking functionality to its spot Ethereum ETF.

2. Trump is introducing new tariff tricks! Overseas car companies want tax reductions? They must replace 85% of parts with American-made ones and build factories in the US. This move is pushing companies to relocate to the US, but once a new president is elected in 2028, policies may change, and car companies need to calculate the costs carefully.

3. GDP and PCE data will be released at 8:30 PM, and there are significant market divergences—some believe poor data means increased expectations for rate cuts, which is favorable, while others think that the earnings season is the main reason supporting the US stock market.

Technical Analysis:

1. #BTC Current quote 94500. In the long term, this bullish wave is expected to challenge around 106000, but attention must be paid to mid-term adjustments; we can only look for bullish continuation if the lower level of 88000 remains unbroken. The mid-term fluctuation range is getting smaller, so be cautious of false breakouts and subsequent declines around 91000. Short-term support is formed by the 1-hour Vegas at 93500, while resistance remains at 97000-97500.

2. #ETH Current quote 1800. It is linked to the overall market trend, currently experiencing wide fluctuations in the 1850-1740 range, with trading volume slightly higher compared to BTC. It is expected to continue sideways adjustment, with strong support at 1750, while 1700 has super strong support from the daily MA30 moving average. As long as it does not break below this level, it is expected to rise to around 2100.

3. Daily operation reference

93500-93000 Long position Stop loss 92400 Take profit 94500, 95000

96500-97300 Short position Stop loss 98200 Take profit 94000, 92000

1750-1740 Long position Stop loss 1720 Take profit 1800, 1820

1840-1850 Short position Stop loss 1865 Take profit 1800, 1780