Recently, the cryptocurrency market has seen a significant rebound, with Bitcoin (BTC) surpassing the $94,000 mark, experiencing a 24-hour increase of over 6%, and Ethereum (ETH) rising by 13%, driving the total global cryptocurrency market capitalization above $3 trillion. This rebound is driven by multiple factors:

1. Policy and capital resonance: The Trump administration has included Bitcoin and Ethereum in the national strategic reserves and is promoting public chains as the standard for financial infrastructure, releasing long-term policy benefits. The daily inflow of funds into Bitcoin spot ETFs reached $82.22 million, a new high since January, indicating a recovery in institutional confidence.

2. Technical breakthroughs: Bitcoin has broken through the key resistance level of $93,330, with a four-hour MACD golden cross and a neutral RSI (55), indicating a strengthening short-term trend; Ethereum has surpassed the resistance level of $1,720, with Layer 2 ecosystem (Arbitrum, Optimism TVL rising to $25 billion) supporting demand.

3. Improved macro environment: The U.S. dollar index has fallen to a three-year low, and expectations for Federal Reserve interest rate cuts have increased, leading to accelerated capital flow into anti-inflation assets. The effects of the tariff war have diminished, and market risk appetite is recovering.

Risk warning: The SEC will hold a cryptocurrency policy meeting on April 25, which may trigger regulatory uncertainty; the daily RSI of Bitcoin is approaching the overbought area (75), and caution is needed for potential pullback pressure. If it falls below the support level of $92,000, it may test the $90,000 mark.

Outlook: Market sentiment is relatively warm in the short term, but attention should be paid to policy trends and technical overbought signals. Investors are advised to gradually accumulate positions on dips, focusing on Bitcoin's breakthrough of the $94,000 resistance level and the progress of the Ethereum Layer 2 ecosystem. #加密市场反弹