Brothers, today's market is quite interesting! Bitcoin is hovering around $94,500, while U.S. stocks are rebounding crazily due to Trump's statement about lowering tariffs. As a result, BTC hasn't followed suit and is directly fluctuating between $90,000 and $94,500, clearly showing weaker correlation with the traditional market.

Why can't Bitcoin rise?

The $95,000 level is really tough to crack! From a technical standpoint, this position is both a psychological barrier and a previous high resistance. It tried to break it twice yesterday but couldn't hold, getting pushed back to around $92,000.

The perpetual contract funding rate is actually negative, and shorts are now desperately paying protection fees to the longs. If this continues, there might be a short squeeze, but the precondition is to break through $95,000; otherwise, it will just keep grinding.

Additionally, the GDP data is like a sword hanging over our heads—Atlanta Fed predicts the annualized GDP for the first quarter will plummet to -2.4%. If this is confirmed next week, the market in May is likely to shake.

SOL ETF approved, is ETH going to cool down?

Canada has quietly approved the SOL ETF with staking, offering a yield of 7.63%, which completely crushes ETH's 3.1%. Institutions are now frantically bottom-fishing SOL, while ETH is really getting drained!

Look at ETH's recent rebound; it can't even touch Bitcoin's heels. The high of $1,840 has now dropped to $1,740. If the daily support at $1,700 breaks, it might have to go down to $1,600 to find support.

Moreover, with the new SEC chairman taking office, the probability of SOL ETF approval has greatly increased. If ETH doesn't announce some good news soon, all the funds will run to SOL!

How to choose the entry points?

Short-term players should closely monitor the support levels: if Bitcoin retraces to the $91,500-$92,000 range, they can enter with a small position, setting a stop-loss below $91,000; if it breaks through $94,000-$94,500, they can blindly chase long positions with a target directly at $100,000.

For ETH, place orders around $1,700, and if it breaks $1,650, cut losses. Look for a rebound to $1,800.

As for altcoins, SUI has surged against the trend by 54%, locking in a market cap of $1.46 billion. Technically, it's following the DAG consensus + sharding model, with DeFi and AI projects clustering in the ecosystem. If it retraces to around $3, it can be a good opportunity to buy, with a stop-loss at $2.8, hoping for a second rally.

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