Standing at the end of April, looking back, this month the crypto market has staged a thrilling Bull vs Bear Battle. The contract market experienced a wave of Get Liquidated, while the altcoin sector was fraught with dangers. The concentrated unlocking of Tokens led to dumping pressure, and the sudden delisting risk loomed high, keeping investors on edge. Meanwhile, Trump's "tariff stick" surprise directly crashed Bitcoin's price to a low of $74,460, marking a significant turning point in the market. A turnaround soon followed, as Bitcoin began a strong Rebound driven by favorable policies and a warming market sentiment. After experiencing a 10-day consolidation at the key resistance level of $85,000, the market maker made a strong push and surged to $95,748. The current market has once again entered a Sideways consolidation phase. Notably, during this period, institutions like BlackRock, Fidelity, Ark Invest, and MicroStrategy have been continuously increasing their holdings, in stark contrast to retail investors' panic selling. This highlights the brutal nature of the crypto market's "institutional Accumulation and retail investor exit" battle. The profound impact of Trump's policies on the market can be aptly described as "success and failure both depend on the same factor."

U.S. stocks closed higher on Tuesday, with the Dow Jones Industrial Average initially up 0.75%, the S&P 500 index up 0.58%, and the Nasdaq up 0.55%. Tesla (TSLA.O) rose 2.1%, Nvidia (NVDA.O) edged up slightly, and Apple (AAPL.O) rose 0.5%. The Nasdaq Golden Dragon China Index closed down 0.3%, Alibaba (BABA.N) rose 0.5%, while Xpeng Motors (XPEV.N) fell 6.3%. According to CME's FedWatch: The probability of the Federal Reserve maintaining interest rates in May is 92.3%, while the probability of a 25 basis point rate cut is 7.7%. The probability of the Federal Reserve keeping interest rates unchanged until June is 35.1%, the cumulative probability of a 25 basis point rate cut is 60.2%, and the cumulative probability of a 50 basis point rate cut is 4.8%.
Bitcoin fluctuated slowly upward yesterday, rebounding to a high of 95407. After once again touching the upper resistance level near the range high, it oscillated at a high level in the evening before starting to retrace in the early morning. So far, it has pulled back to a low of around 93700. The overall market trend today presents a fluctuating tug-of-war style, with frequent switches between long positions and short positions within a narrow range, but overall maintaining an upward trend framework, which aligns with the recent consistent view of range-bound oscillation. The extension of the oscillation period helps digest short-term overbought pressure and solidify the bottom structure. Investors need to focus on key support and resistance levels, primarily engaging in range trading, while also being wary of potential global macro risks (such as interest rate policies and geopolitical events) that could disrupt the market. Pay attention to the support level around 93500-93200, with resistance above at 95200-95500. Daily layout operations should also be centered on short-term strategies!
Ethereum has also shown a similar pattern, with slightly smaller oscillation space, continuously being pulled at high levels in the 1700-1850 range, and the candlestick appears more solid; looking at the 4-hour chart, since recovering, the coin price has continued the oscillation pattern from last week, unable to break through on the upside and lacking continuation on the downside. Recently, the market has shown typical range consolidation characteristics, lacking significant news support and macro narratives. Technically, the overall bullish trend remains unchanged, but short-term momentum is insufficient, leading to limited intraday fluctuations. In terms of operation, maintain a high sell low buy strategy to gain swing profits at both ends of the range. #Gate.io App 全新升级 #AI 概念币普涨