2025/04/23 Market Early News

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01 Review of Yesterday

$BTC (Bitcoin): The price rose yesterday, with BTC operating within an uptrend channel, breaking through the 93,000 resistance, reaching a high of 93,980. The hourly chart shows a strong upward trend, but there is selling pressure at higher levels, leading to a cautious market sentiment.

ETH (Ethereum): Followed BTC's rise yesterday, reaching a high of 1725, but failed to maintain this level and subsequently fell back, indicating increased volatility, with momentum influenced by BTC.

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02 Analysis for Today

$BTC (Bitcoin)

Current Trend: After breaking 93,000, BTC is facing resistance at 94,000, and may oscillate in the short term between 92,000-94,000. The hourly chart shows selling pressure, and attention should be paid to whether trading volume supports the breakout. The expiration of $225 million in BTC options today may exacerbate volatility, with the maximum pain point around 88,000 dollars.

Key Levels:

Upper Resistance: 96,500-99,100 dollars

Lower Support: 91,700-88,950 dollars

$ETH (Ethereum)

Current Trend: ETH rises with BTC and may oscillate in the short term between 1,700-1,800 dollars. The Ethereum Pectra upgrade and rising staking rate (expected to exceed 50% by the end of 2025) is positive for long-term value, but short-term is affected by BTC.

Key Levels:

Upper Resistance: 1,830-1,870 dollars

Lower Support: 1,750-1,680 dollars

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03 Summary for Today

Market Overview: BTC is oscillating at high levels, caution is needed for a pullback; ETH's direction is pending BTC's lead. Market sentiment is slightly optimistic, but tariff uncertainties and option expirations may trigger volatility.

Trend Outlook: Prices may show noticeable volatility in the short term. It is advisable to pay attention to whether BTC breaks through 94,000 dollars and whether ETH can hold above 1,800 dollars to understand the subsequent market trends.