🚀The cryptocurrency market saw a slight increase of 0.5% in the past 24 hours, but overall declined, continuing the recent correction trend. The cryptocurrency market is highly volatile; please manage your risks carefully.
1. Main reason: The Federal Reserve is meeting tonight to set interest rates, and there is also a speech by Powell. This may be his last time as chairman. People are afraid that inflation will not be contained and interest rates will continue to be high, with no chance of a rate cut. Therefore, they are running away in advance to avoid risks.
2. Secondary reason: Due to tensions, oil prices rose to over $104 a barrel, global inflation became more alarming, and money flowed out of high-risk assets such as Bitcoin.
3. Short-term market outlook: Bitcoin has repeatedly surged to 78,000 and 79,000 but failed to hold, only to be hammered down at these highs, triggering stop-loss orders and margin calls. Currently, the market is trending towards consolidation and adjustment. A rebound is possible later, but volatility will be significant. The key will be the outcome of today's (April 29th) Federal Reserve meeting and Powell's statements.
💥Margin call alert:
In the past 24 hours, a total of 75,558 people across the internet have had their positions liquidated, with a total liquidation amount of $228 million. Long positions were liquidated for $117 million and short positions for $111 million.
📊 Performance of major cryptocurrencies:
1. Bitcoin (BTC): Price approximately 77292, up 0.43% in the last 24 hours.
Bitcoin is currently targeting the 76,500 level. As long as the pullback doesn't break below this level, the 1-2 hour chart still shows strong bullish momentum and it will continue to rise. Consider shorting around 78,250, 79,450, and 81,500.
If the price breaks below 76500 on the 1-2 hour chart, the market will start to weaken. Consider going long around 75000, 73560, and 72300.
2. Ethereum (ETH): Price around 2329, up 1.80% in the last 24 hours.
Ethereum is currently targeting the 2300 level. As long as the pullback doesn't break below this level, the bullish trend remains strong on the 1-2 hour chart. Consider shorting around 2340, 2370, and 2400.
If the price falls below 2300 on the 1-2 hour chart, the market will weaken. Consider entering long positions around 2260, 2215, and 2175.
3. BNB: Price around 627, up 0.41% in the last 24 hours.
Today, we're watching the 624 level for BNB. As long as the pullback doesn't break below it, the 4-hour chart will show a rebound. We'll consider shorting around 632, 640, and 655.
If the price breaks below 624 on the 4-hour chart, the market will weaken. Consider entering long positions around 616, 605, and 591.
4. SOL: Price approximately 84, up 0.72% in 24 hours.
Today, we're watching the SOL level at 84. As long as the pullback doesn't break below that level, it will rebound on the 4-hour chart. We can consider shorting when it reaches around 85, 87, or 89.
If the price breaks below 84 on the 4-hour chart, the market is weakening. Consider entering long positions around 83, 81, and 79.
🌡️Market Sentiment:
Today, the total market capitalization of cryptocurrencies is approximately $2.66 trillion, and the total trading volume in the past 24 hours is approximately $120 billion.
The current market sentiment is 42 (neutral), indicating a rather conflicted market sentiment that's neither optimistic nor panicked, hovering in the middle. The Greed Index has also changed from "Greed" to "Neutral," with everyone waiting for the Federal Reserve to set the tone and potentially reduce leverage. The key is whether Bitcoin can hold at 75,000—if it does, there's still hope; if it falls below, sentiment could easily turn into fear.
Today's Crypto Gainers and Losers List 🔥
📈 Top 3 Gainers:
1. NOM: Price
0.0339, up 22% in 24 hours
3. API3: Price $0.4070, up 22% in 24 hours.
📉 Top 3 decliners:
1. ZBT: Price
12.729, down 12% in 24 hours
3. TURTLE: Price $0.0519, down 10% in 24 hours.
✨ Performance of other major cryptocurrencies:
Dogecoin (DOGE): Price $0.10229, up 2.11% in the last hour.
Tron (TRX): Price $0.3224, down 0.59% in the last 24 hours.
Cardano (ADA): Price $0.2500, up 0.77% in the last 24 hours.
Hyperliquid (HYPE): Price $40.774, up 0.63% in the last 24 hours.
Avalanche (AVAX): Price $9.35, up 1.19% in the last 24 hours.
Stellar (XLM): Price $0.1634, down 1.09% in the last 24 hours.
Sui (SUI): Price $0.9333, down 0.11% in the last 24 hours.
Chainlink (LINK): Price $9.37, up 0.86% in the last 24 hours.
Hedera (HBAR): Price $0.09034, up 1.20% in the last 24 hours.
Bitcoin Cash (BCH): Price $454.1, up 1.38% in the last 24 hours.
Shiba Inu (SHIB): Price $0.00000621, up 0.16% in the last 24 hours.
Litecoin (LTC): Price $55.95, up 1.08% in the last 24 hours.
Pepe hiba Inu (PEPE): Price $0.00000392, up 0.51% in the last 24 hours.
Toncoin (TON): Price $1.308, up 0.15% in the last 24 hours.
