April 23 Market Analysis
Yesterday, BTC continued to rise sharply, with a more aggressive trend that exceeded expectations. This may be related to the Trump administration easing tariffs, and the U.S. stock market also performed well yesterday, stimulating the cryptocurrency market to rise again. In the near future, we still need to pay attention to the fundamental situation and the progress of the Federal Reserve's interest rate cuts. A slight correction is expected during the day.
ETH followed BTC with a significant rise, also exceeding expectations, and a slight correction is expected during the day.
BTC has returned to a healthy level on the 1-hour and 4-hour charts, while the daily level is below the healthy level.
Intraday support level: 91000-91500
Upper resistance level: 94500-95200
ETH has returned to a healthy level on the 1-hour and 4-hour charts, while the daily level is below the healthy level.
Intraday support level: 1735-1680
Upper resistance level: 1855-1900
