2025/04/22 Crypto Market Morning Update
📷01 Review of Yesterday
BTC (Bitcoin): Yesterday, the price experienced an upward surge, breaking through the daily EMA52 resistance level, with Binance spot prices reaching around $88,877. The hourly level indicates there is still a certain upward trend, but momentum has slightly weakened as it approaches high levels, and market sentiment is becoming cautious.
ETH (Ethereum): Ethereum briefly surged yesterday, leading some investors to believe that the market would strengthen, but the price quickly retraced, with gains and losses basically offsetting each other, indicating significant market volatility and weak momentum.
📷02 Today's Analysis
BTC (Bitcoin)
Current Trend: The daily MA30 remains stable, and the MACD indicator's fast line has crossed above the zero line, with the slow line nearing the zero line, indicating that upward momentum has somewhat strengthened, but overall it remains a weak rebound. Trading volume has increased compared to the past three days (during U.S. market holidays), but still within a normal range. The current price is around $88,850, close to the historical high area; attention should be paid to whether the subsequent trend will break through further.
Market Analysis: The price has faced resistance multiple times around $88,850, which may pose some pressure. Investors should pay attention to the price's performance at key levels to assess market direction.
Key Levels:
Upper Resistance: $88,500 - $90,000
Lower Support: $86,750 - $85,542
ETH (Ethereum)
Current Trend: The daily chart shows a small doji candlestick, reflecting that the market is in a narrow range of fluctuations. Trading volume has increased compared to the previous days, but still within the normal trading day range. The current price fluctuates between $1,560 - $1,600, and attention should be paid to short-term price changes.
Market Analysis: Ethereum's movement is relatively weak, and it may continue to oscillate in the short term. Investors can observe the price's performance at key levels to determine whether the market shows a clear direction.
Key Levels:
Upper Resistance: $1,600 - $1,630
Lower Support: $1,560 - $1,530
📷03 Today's Summary
Market Overview: The current crypto market may experience significant fluctuations, with BTC showing a certain upward trend, but caution is needed as it approaches high levels; ETH maintains a consolidation pattern, and the direction remains unclear.
Trend Outlook: Prices may exhibit significant fluctuations in the short term; it is recommended to monitor whether BTC can break through $90,000 and whether ETH can stabilize above $1,600 to understand the subsequent market trends.
