4.29 Market Analysis
① Review of Yesterday's Market
Bitcoin's lowest price was 93,547, the highest price was 95,280, with a fluctuation of about 1.8%
Ethereum's lowest price was 1,782, the highest price was 1,857, with a fluctuation of about 4.3%
ETH's volatility is higher than BTC, reflecting its greater market sensitivity, and attention should be paid to the impact of BTC's movements on ETH.
② Today's Market Analysis
Bitcoin's current price is at 94,600, showing high-level fluctuations. Yesterday's daily line closed positively, and today continues the oscillating pattern. The hourly level shows signs of sideways movement, with 95,000 USD as a key resistance. If it can break through and stabilize, it may challenge the 97,500-98,300 USD range, indicating a neutral zone where bullish and bearish forces are balanced, with no obvious overbought or oversold signals, showing an upward trend, but lacking short-term momentum.
Ethereum's current price is around 1,815. ETH's hourly level has recently strengthened, but overall remains constrained by BTC's movements, lacking independent upward momentum. In the short term, it may continue to show a bearish oscillating pattern. Yesterday closed with a small bullish doji, and trading volume slightly increased compared to the weekend but remains normal, indicating continued oscillation. It is close to the oversold area, showing short-term weakness but with rebound potential. Attention should be paid to BTC's price movements and the impact of the US stock market opening on ETH.
Bitcoin support level: 92,800-93,500 Resistance level: 95,400-96,100
Ethereum support level: 1,760-1,780 Resistance level: 1,830-1,850
③ Summary
BTC is fluctuating in the 93,000-95,000 USD range, while ETH is consolidating in the 1,740-1,826 USD range. BTC is supported by institutional funds and macro sentiment, showing a strong oscillating trend in the short term; ETH follows BTC but with weaker momentum, requiring caution against downward risks. Key points are BTC's 95,400 USD and ETH's 1,826 USD; breakthroughs or blockages will determine the short-term direction. It is recommended to operate on a short-term basis, paying attention to the dynamics of the US stock market and policies, and implement strict risk control.
