April 30 Market Analysis

Fundamentals:

1. The SEC has postponed its decision on Fidelity's proposal to add staking functionality to its spot Ethereum ETF.

2. Trump has initiated new tariff strategies! Overseas car manufacturers wanting tax cuts? They must change 85% of the parts to be made in the USA and also build factories in the US. This move pressures companies to relocate to the US, but if a new president is elected in 2028, policies may change, and car manufacturers need to calculate the costs carefully.

3. GDP and PCE data will be released at 8:30 PM, and there are significant divergences in the current market—some believe bad data = increased rate cut expectations = positive for the market, while others think the earnings season is the main reason supporting US stocks.

Technical Analysis:

1. BTC current price is 94,500. In the long term, this bullish wave is expected to reach around 106,000, but attention is needed on medium-term adjustments; it must not drop below 88,000 to maintain bullish continuity. The medium-term oscillation range is getting smaller, and be cautious of a false breakout followed by a drop to 91,000. Short-term support is established by the 1-hour Vegas at 93,500, while resistance remains at 97,000-97,500.

2. ETH current price is 1,800. It is moving in line with the overall market, currently experiencing wide fluctuations in the 1,850-1,740 range, with trading volume slightly larger compared to BTC. It is expected to continue sideways adjustment, with strong support at 1,750, and 1,700 has extremely strong support from the daily MA30 moving average. As long as it does not drop below, it is expected to rise towards around 2,100. $BTC