On April 30, BTC prices showed an overall oscillating trend, with intense competition between bulls and bears. Prices fluctuated in the range of 92700 to 95400, resulting in a short-term double kill for both sides, but the daily trend remained largely unaffected.
1. Review of Yesterday
$BTC : Yesterday's lowest point was 93716, highest point was 95411, fluctuation was 1716, amplitude was 1.8%
$ETH : Yesterday's lowest point was 1780, highest point was 1844, fluctuation was 64.52, amplitude was 3.5%
2. Today's Analysis
BTC's current price is 94555. Yesterday morning, BTC experienced a slight increase, reaching a high near 95400, but failing to break through the critical resistance level above 95500 (where there are a lot of sell orders). Intraday, it briefly dropped to 92700, then bulls quickly fought back, and the price rebounded to the level before the decline, showing market resilience. The oscillation range of 92700-95630 remains valid, with no breakthrough at critical points, and the market direction is unclear.
BTC Resistance: There is strong resistance in the range of 95500-96000, especially near 96000 where there may be top divergence pressure. A breakthrough at 95630 may test the upper channel (around 96700), but divergence risks increase, and the probability of a pullback is high.
BTC Support: Around 94000 is an important support level; if it breaks, it may form a small double top, triggering a pullback to a lower range (around 92000 or the daily EMA21 moving average).
ETH's current price is 1800, with Ethereum prices fluctuating between 1780 and 1832, reaching a high of 1832 but failing to break through the critical resistance level of 1850, and dropping to a low of 1780. In the evening, after BTC reached a high (95435), a slight pullback occurred, but the decline was minimal, showing market resilience. The intraday oscillation range was narrow (1780-1832), failing to break through the daily MA60 (around 1850) resistance level.
ETH Resistance: 1838-1850 USD is a key resistance; if broken, it may test 1876 (intensive liquidation area for short positions) or go higher to 1900. The current price of 1800 is within the oscillation range of 1700-1900 USD, with a trend biased towards oscillating upward.
ETH Support: 780-1800 is a strong short-term support; if it breaks, it may further test 1768 (intensive liquidation area for long positions) or 1728 (key liquidation point).
3. Summary
Yesterday, BTC maintained a high-level oscillation, with prices running in the range of 92700-95400, failing to break through the key resistance at 95500-96000. The current market is balanced between bulls and bears, and attention should be paid to the breakthrough direction of the 94000 support and 96000 resistance. It is advisable to operate cautiously in the short term, avoiding chasing highs, and waiting for clearer trend signals. Long-term investors may look for opportunities at lower levels after a pullback.
Yesterday, Ethereum oscillated in the range of 1780-1832, with a relatively resilient trend, maintaining an oscillation pattern of 1700-1900 in the short term. Key support is at 1780-1800, and resistance is at 1838-1850, with attention needed on the breakthrough direction. Current market sentiment is cautious, and it is recommended to wait for a pullback to around 1780 for a low buy, or confirm the trend after breaking through 1850. In the long term, upgrade expectations may support Ethereum's strength, but in the short term, volatility risks should be monitored.
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