April 22 Market Analysis
Yesterday, BTC saw a slight increase, with a healthy trend that aligns with recent expectations. U.S. stocks experienced significant declines yesterday, but BTC did not follow suit, creating an independent market movement, which is a positive signal. We still need to pay attention to tariff developments and the Federal Reserve's interest rate cuts. A consolidation is expected during the day.
Ethereum (ETH) did not synchronize with BTC, experiencing a substantial pullback in the early morning. During the day, focus on BTC's stabilization; a consolidation is expected. If stabilization occurs, a small position can be taken to enter the market in batches.
BTC's 1-hour and 4-hour levels have returned to a healthy status, while the daily level is below a healthy status. A slight increase is expected during the day.
Intraday support level: 86000-86500
Upper resistance level: 88650–89350
ETH's 1-hour and 4-hour levels have returned to a healthy status, while the daily level is below a healthy status. A slight increase is expected during the day.
Intraday support level: 1485-1535
Upper resistance level: 1645-1685
