🚀The cryptocurrency market grew by 2.57% in the past 24 hours. The market has a correlation of 81% with the S&P 500 index, reflecting the combined effects of macroeconomic factors.
1. Main reasons: The significant easing of geopolitical tensions and large-scale institutional purchases of Bitcoin triggered an overall market rally.
2. Secondary reasons: Increased ETF inflows and enhanced stablecoin liquidity are supporting factors.
3. Short-term market outlook: Whether Bitcoin can continue to rise will depend on whether it can stay above $75,000 and the outcome of the Federal Reserve's policy meeting on April 29-30.
💥Margin call alert:
In the past 24 hours, a total of 110,417 people across the internet have had their positions liquidated, with a total liquidation amount of $459 million. Long positions were liquidated for $134 million and short positions for $324 million.
📊 Performance of major cryptocurrencies:
1. Bitcoin (BTC): Price around 78,000, up 2.9% in the last 24 hours.
Bitcoin is targeting 76,000 today. If it retraces on the 4-hour chart and doesn't break below that level, the uptrend remains intact, with the first target being the previous high of 78,300. If it fails to break through, it will likely fall back. If it breaks through strongly, then look for opportunities to short around 79,300, 81,500, and 83,000.
If the price falls below 76,000 today, then the bulls will truly be considered weak, and we can look for opportunities to go long around 74,800, 73,660, and 72,280.
2. Ethereum (ETH): Price around 2393, up 3.59% in the last 24 hours.
Ethereum is expected to reach 2320 today. As long as the price retraces on the 4-hour chart and does not break through this level, the upward trend remains intact. Short positions can be considered near the levels of 2416, 2463, and 2510.
If the price retraces and falls below 2320 today, the bulls will begin to weaken. In that case, you could consider long around 2260, 2220, and 2175.
3. BNB: Price approximately 642, up 1.87% in the last 24 hours.
Today, we're watching BNB at 631. As long as the 4-hour chart pullback doesn't break this level, the uptrend remains intact. Our first target is the previous high around 649. If it fails to break through, it will likely fall back. If it breaks through strongly, then we can look for short positions around 664, 676, and 687.
If the price retraces and falls below 631 today, the bullish trend will begin to weaken. In that case, you could consider long around 616, 605, and 591.
4. SOL: Price approximately 88, up 2.92% in 24 hours.
SOL is currently targeting 85.7. As long as the 4-hour chart shows a pullback that doesn't break this level, the upward trend remains intact. Consider shorting around 88, 91, and 93.
If the price retraces and falls below 85.7 today, the bullish trend will begin to weaken. In that case, you could consider long around 83, 81, and 79.
🌡️Market Sentiment:
Today, the total market capitalization of cryptocurrencies is approximately $2.7 trillion, and the total trading volume in 24 hours is approximately $140 billion.
Current market sentiment is 56 (neutral), indicating a generally bullish outlook. A rebound in the Greed Index, positive social sentiment, and increased leveraged long positions all support this optimistic trend. Discussions surrounding the SEC's Clarity Act and large inflows into Bitcoin ETFs are significant positive factors. However, high leverage and high liquidation volumes make the market vulnerable, and increased long liquidations could trigger a short-term pullback.
Today's Crypto Gainers and Losers List 🔥
📈 Top 3 Gainers:
1. CHIP: Price
0.1854, up 28% in 24 hours
3. DENT: Price $0.000088, up 24% in 24 hours.
📉 Top 3 decliners:
1. GUN: Price
0.00136, down 23% in 24 hours
3. MDT: Price $0.00454, down 20% in 24 hours.
✨ Performance of other major cryptocurrencies:
Dogecoin (DOGE): Price $0.09716, up 1.98% in the last hour.
Tron (TRX): Price $0.3329, up 1.25% in the last 24 hours.
Cardano (ADA): Price $0.2553, up 2.74% in the last 24 hours.
Hyperliquid (HYPE): Price $40.362, down 1.34% in the last 24 hours.
Avalanche (AVAX): Price $9.58, up 2.79% in the last 24 hours.
Stellar (XLM): Price $0.1814, up 3.24% in the last 24 hours.
Sui (SUI): Price $0.9675, up 2.48% in the last 24 hours.
Chainlink (LINK): Price $9.52, up 2.15% in the last 24 hours.
Hedera (HBAR): Price $0.09080, up 1.24% in the last 24 hours.
Bitcoin Cash (BCH): Price $465.4, up 5.46% in the last 24 hours.
Shiba Inu (SHIB): Price $0.00000619, up 2.82% in the last 24 hours.
Litecoin (LTC): Price $56.20, up 2.33% in the last 24 hours.
Pepe hiba Inu (PEPE): Price $0.00000389, up 3.18% in the last 24 hours.
Toncoin (TON): Price $1.375, up 0.44% in the last 24 hours.
