April 23 $BTC Market Analysis



BTC ETF total assets once again surpass $100 billion, with funds continuously flowing in, indicating steady institutional allocation demand.
Geopolitical easing, Trump extending the ceasefire agreement with Iran, and the Strait of Hormuz remaining open reduce the risk of oil price shocks, risk appetite rebounds, and risk assets benefit. Meanwhile, Fed nominee Warsh publicly supports the integration of cryptocurrencies into the financial system, further boosting market confidence.

Yesterday's positive news was released in a concentrated manner, driven by institutions + ETFs + geopolitical factors, and market risk appetite significantly increased, representing a typical "risk-on" trend continuation without any negative suppression.

Technical aspect:
In one sentence, the main trend will still rise, not yet rebounded 🚀

Currently, the upward trend continues. The next important resistance is around 80,600. As long as it does not fall below 77,200 during the day, it still looks like a rebound upward. The daily chart is also in a bullish run. Next, if it can firmly stand above 80,600, the range below will revolve around 80,600 to 86,000.
Support: 77,200 - 73,700
Resistance: 79,300 - 80,500
ETH-1.53%
BTC0.27%
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