4/23 BTC/ETH Altcoin Analysis
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Basic Overview:
① SEC Leadership Change
Paul Atkins replaces Gensler as the head of the SEC, calling for “rational, coherent regulation” and encouraging innovation, which brings some relief to the crypto market.
② Tariff Easing
Trump announced significant tariff reductions (but not to zero), leading to optimistic market expectations, major gains in the U.S. stock market, a drop in gold prices, and Bitcoin surging to 94K.
③ Liquidity Support
The probability that the Fed will remain inactive in May is still over 90%, and USDT has minted an additional 1 billion—liquidity is not an issue.
Technical Highlights:
🔹 BTC
– Yesterday broke through 90K and 92K, quickly standing above 94K, with three consecutive large bullish candles on the daily chart, showing strong momentum!
– However, there is significant selling pressure in the range of 95–98K, so a short-term consolidation may occur.
– The 4H level has risen from 84K to 94K, showing signs of stagnation.
– Trading range: Resistance at 93.5–94.5K, support at 90.5–91.5K.
🔹 ETH
– Weakness in the past few days led to a pullback, but yesterday morning it briefly dipped to 1.54K before quickly recovering, closing with an 11% bullish candle on the daily chart.
– Directly approaching the 1.78K resistance area, with the next target at 1.95K.
– The 4H level shows stagnation in the bottom range of 1.78–1.83K, with not much trapped inventory, indicating flexibility in the market.
– Trading range: Resistance at 1.83–1.85K, support at 1.74–1.76K.
Altcoin Sector Rotation 🔥
Three major thematic tracks perform remarkably—
– AI Sector: TAO +10%, FET +5%, LPT +50%
– MEME Sector: WIF +20%, PEOPLE +10%, FLOKI +15%
– GameFi Sector: GALA +10%, GMT +5%, SAND +10%
Opportunities should not be missed; brothers looking to make a swing trade can add to their watchlist, buy the dip, and the direction is clear.
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