Mujing Xuetu · April 16, 2026 Morning Market Report 📊 Big Dog (BTC) breaks through the key resistance level of $75k, with strong upside momentum. On-chain data shows that the share of holdings by long-term holders (LTH) has surpassed 68%, miners’ selling pressure has clearly eased, and the distribution of tokens continues to improve. From a technical perspective, watch whether the $78k resistance level can be broken effectively; support lies at $72k. 📊 Ethereum’s rise outperforms the broader market, reclaiming the $220 mark. Active addresses on-chain keep growing, L2 network TVL rebounds, and the ETH/BTC ratio hits a new high since January, signaling a clear recovery in the ecosystem. 🔄 Sector rotation: funds rotate from large caps to small and mid caps. The MarketVector small-cap index leads the rally; mid-cap indices strengthen at the same time, while large-cap indices remain relatively weak, indicating active market rotation. Major altcoins rise in tandem, and previously oversold coins see technical rebounds. 🏛️ Institutional moves: US Bitcoin spot ETFs have recorded net inflows for three consecutive days; the net inflow on April 15 was $470 million, with institutional selling pressure clearly easing. Goldman Sachs’ first filing for a Bitcoin premium yield ETF—plans to use a covered call options strategy, with monthly cash dividends, accelerating the era of active management. Coinbase has been approved for a national trust bank license, further improving the compliant ecosystem. 🌍 Geopolitics: the US Dollar Index breaks below 98, reaching a six-week low. Expectations for the restart of US-Iran negotiations heat up; oil prices fall back to around $92, and a recovery in risk appetite benefits crypto assets. The Federal Reserve chair nomination hearing is held today—watch for how monetary policy is signaled. ⚠️ Risk warning: the current upswing is mainly driven by short covering and improved macro sentiment. The short-term rally has been too large, so there is a pullback risk. The outcome of the Fed hearing may trigger sharp market volatility—please strictly control your positions. Subscribe to unlock: Daily in-depth analysis of altcoins (including specific order placement levels, stop-loss and take-profit points, and risk-reward ratios for 20+ coins) + a detailed evening recap + occasional targeted institutional-grade analysis of new token launches · On-chain real-time data · Exclusive wealth secrets