Bitcoin faces the 'barrier' of $89,000 – Breakthrough or correction?
🔥 Bitcoin faces the 'barrier' of $89,000 – Breakthrough or correction? Bitcoin price is approaching the extremely important resistance area of $88,000–$89,000 – a place that has often caused strong market reversals in the past. This time, will history repeat itself? ⏫ The recent market momentum is quite clear: - BTC has recovered over 21% from the April low ($74,800), surpassing many medium-term support levels. - The current price structure shows a 'compression' under resistance – higher lows, narrowing volatility range. This is often a sign of a major breakout about to happen.
1. Cliza on Base Network Marketcap: $2.17M Platform for creating meme coins, similar to Pumpfun Contract: 0x290f057A2C59b95D8027aa4Abf31782676502071
2. BNBcard on BNB Network Marketcap: $1.71M Meme coin tweeted by Yihe, stable volume and price Contract: 0xDc06717F367e57A16e06CcE0c4761604460da8Fc
3. AIcell on BNB Network Marketcap: $1.75M AI Agent Finance, known for explosive pumps Contract: 0xDe04da55B74435d7B9f2C5c62D9F1b53929b09AA
4. ABE on Unichain Marketcap: $1.2M Strongest community meme in the ecosystem Contract: 0xd4390B4A41A1057AE0aCdd4B9435a0C7555ab464
5. CryptoAutos on Ethereum Marketcap: $6.3M Real World Assets project, use CryptoAutos to buy supercars Contract: 0xf477AC7719e2e659001455cDDA0cc8f3aD10b604
The S&P 500 index is currently trading at $504.38, down $0.40, equivalent to 0.079% from the previous session. During the day, the index reached a high of $522.81 and a low of $481.89.
Overall, global stock markets are under significant pressure due to rising trade tensions. U.S. President Donald Trump has threatened to impose an additional 50% tariff on Chinese goods if Beijing does not retract the 34% tariff they have imposed. This has caused a sharp decline in global stock markets.
Cryptocurrency: The current price of Bitcoin is $79,238, up $1,262, equivalent to 1.618% from the previous session. During the day, Bitcoin reached a high of $80,936 and a low of $74,561. Meanwhile, the current price of Ethereum is $1,553.03, down $11.97, equivalent to 0.765% from the previous session. During the day, Ethereum reached a high of $1,609.87 and a low of $1,431.43. Overall, the cryptocurrency market is experiencing high volatility. Bitcoin has dropped to its lowest level since November, trading around $76,500, affecting cryptocurrency-related stocks such as MicroStrategy and Coinbase.
Oil Market WTI crude oil prices have dropped below $60/barrel for the first time since 2021, trading at $58.95 before stabilizing at $60.63. Brent crude also fell to $62.51 before recovering to $64.40.
Gold Market: Spot gold prices fell 2.4% to $2,963.19/ounce. Gold futures contracts in the U.S. decreased by 2% to $2,973.60. Gold prices fell as investors shifted to the U.S. dollar as a safe haven amid escalating trade tensions.
Global Financial Market on April 5, 2025 U.S. Stocks: The Dow Jones index fell more than 2,200 points on April 4, 2025, marking the worst drop since the COVID-19 pandemic. The S&P 500 index also dropped 6%, while the Nasdaq entered bear market territory, down more than 20% from its recent peak. The main cause was China's response with a 34% tariff on U.S. goods after President Trump imposed new tariffs. European Stocks: The UK's FTSE 100 fell 4.95%, the largest decline since March 2020, due to concerns about a global trade war. Latest news & breaking headlines Asian Stocks: Markets such as Japan's Nikkei and South Korea's Kospi also saw significant declines due to the impact of trade tensions. Cryptocurrency Market: Bitcoin (BTC): The current price of Bitcoin is $83,592, a slight increase of 0.64% compared to the previous day. Despite the volatility in traditional financial markets, Bitcoin has maintained relative stability. Ethereum (ETH): The price of Ethereum reached $1,816, an increase of 0.22% compared to the previous session. Total Market Capitalization: The cryptocurrency market reached a total market capitalization of $2.79 trillion, an increase of 2.8% in the past 24 hours, indicating increased interest from investors.
HAS STRONGLY DECLINED AFTER ENTERING THE BINANCE WATCHLIST. A sensitive market phase and market cleansing. HOLDING Altcoin now feels like sitting on a pile of fire, not knowing when the Coin I hold will return to the watchlist and get delisted from Binance.
The market phase is quite negative and harsh. A series of altcoins have dropped in price by 20–60% in just 24 hours, typical examples include: ACT/USDT: down by -61.89% DF/USDT: -37.82% LEVER/USDT: -36.57% MASK/USDT: -31.88% And many other coins have also dropped by 20–30%. This is a sign of a massive crash.
The main reasons that can explain this phenomenon:
1. Binance adjusts the leverage limit for numerous altcoins Binance has just announced the leverage limit and maximum position limit for many altcoin pairs, including $ACT, $LEVER, $DF, $TROY… This forces accounts with large open positions to either reduce or get liquidated (auto reduce).
When high-leverage positions are force closed or auto-deleveraged, it creates immense selling pressure in a short period, causing prices to plummet.
The enforcement of limits just hours after the announcement leaves traders unable to react in time.
2. Domino effect from mass liquidations (cascade liquidation)
Recently, the price of the cryptocurrency #Act I: The AI Prophecy (ACT) has dropped sharply, raising concerns in the investor community. Below are some key factors believed to have impacted this decline.
1. Adjustment of leverage position limits on Binance: On April 1, 2025, Binance announced an adjustment to the leverage position limits for $ACT futures contracts. Specifically, the maximum limit for opening positions has been reduced to $4.5 million with a 1x leverage ratio. This change took effect in less than 3 hours after the announcement, leaving many investors and market makers unable to adjust their positions in time. As a result, positions exceeding the new limit were liquidated at market prices, leading to a sharp decline in the value of ACT.
1. In-depth technical analysis Overall trend: After reaching an all-time high near $793 in early December 2024, BNB's price has corrected down about 30% and is currently trading around the $550 - $600 range. On the daily (D1) and weekly (W1) charts, BNB is still within a gradually ascending price channel formed since mid-2024. The medium-term uptrend is maintained as long as the price remains above important moving averages. Specifically, if BNB stays above the daily MA50 (estimated around $620 - $650 according to recent data), then the short-term uptrend remains positive; conversely, staying below the daily MA200 will warn of weakening trends.
Short-Term Ethereum Trend Analysis – Early April 2025 🔍 Technical Analysis (Price ~1,795 USDT)
Ethereum (ETH) is currently in a short-term downtrend following a strong correction that started earlier this year. On the chart, the price is trading below short- and medium-term moving averages (e.g., MA9, MA42, MA99), indicating weak momentum. $ETH ETH has consistently formed lower highs and lower lows, and it remains below both the 34-day and 89-day EMAs — confirming a prevailing bearish structure.
Recent trading volume is average, but red candles tend to have higher volume than green candles, showing that selling pressure remains dominant. However, momentum indicators are entering oversold territory: both the Stochastic RSI and RSI are showing low readings (RSI ~36), suggesting that ETH may be poised for a short-term technical rebound.
Support & Resistance Zones:
The nearest support for ETH is around 1,820 USDT (recent local bottom), with a key psychological level at 1,800 USDT just below it.
If this area breaks, the next major support lies at 1,750 USDT – 1,700 USDT, which aligns with previous strong bounce zones during heavy sell-offs.
On the upside, 1,880 – 1,900 USDT serves as the next resistance. This zone also overlaps with important moving averages, so selling pressure is likely to increase there.
If ETH breaks above 1,900 USDT, the next resistance zone to watch is 1,950 – 2,000 USDT, where profit-taking may intensify again.
🔮 SHORT-TERM $BTC OUTLOOK (MAR 31 – APR 6, 2025) If BTC breaks below $81,000 with strong volume → it could retest the $78,000 – $76,800 support zone. If BTC bounces from $81k → it may attempt to reclaim the $84k – $85k area, but breakout potential remains weak as MA trends haven’t reversed yet. 📌 What do indicators say?MA(7) is trending sharply downward → selling pressure dominates the short-term
No clear reversal signals yet → not ideal to catch the bottom prematurely
Volume remains low → market is in a wait-and-see phase, lacking momentum
✅ RECOMMENDED STRATEGIES BY INVESTOR TYPE Scalper / Day Trader: Look for short entries if BTC fails to break $84k – stop loss near $85k, take profit around $80k Swing Trader: Wait for a dip into the $76k–$78k zone – start accumulating if signs of reversal appear Investor (Holder): Hold cash – avoid new entries for now. Wait for clear consolidation above $80k before adding positions
📌 Conclusion:BTC is facing mild bearish pressure. The trend is unclear but tilting downward in the short term. Investors should stay patient and avoid FOMO — the $76k–$78k range is the key zone to watch for any meaningful reversal setup.
Early morning on February 25, the entire online community was surprised to see Sam Bankman-Fried (Sam Xoăn) posting a personal tweet after nearly a year of absence from prison. Immediately, people wondered: "Where did he get his phone to tweet in prison?" The answer is not simple - Sam has become a new "prankster" with the appearance of a gray tick account under his name on X (formerly Twitter). This is the type of account that only government officials are granted. Not stopping there, this gray tick account also quickly had the first tweets about a memecoin that he was issuing. This memecoin was pushed up to 11 million dollars, but just 3 minutes later, its value dropped dramatically to only 30k dollars, after a rug pull. After this scam-smelling "disclosure", Sam's gray tick account also disappeared, leaving the online community confused.
Sonic will be pumped like #SUI in the near future. The flow of money is shifting from Solana to many other ecosystems, while other ecosystems like ARB, BASE, ETH are also gradually shifting towards Sonic. The projected target for Sonic is 3$ in the near future.
PlanB, known for his strong support of Bitcoin, has sold his $BTC and moved into ETF shares. He cited concerns about maintaining control of his private keys as the reason for the change.