Today is April 27th, BTC price is 77,720


1. BTC surged today to 79,450, just a step away from 80k, with the bears pushing it back to its original shape, returning to the oscillation range. But if you say to be bearish, that’s definitely not the case. As shown in the chart below, the lows are continuously rising, and it hasn't broken the support level of 76,700, which still indicates a strong sideways movement. The recent four days have had an amplitude of about 2 points, and it could surge again at any time.
2. ETH is following a steady path, also waiting for BTC to break out. As for the veteran second-tier altcoins, there aren't many buyers now. DOGE, PEPE, SOL, and others are weak, which is understandable: they are less valuable than BTC/ETH and have less growth potential than smaller coins. It's a somewhat awkward situation. You can temporarily avoid participating.
3. The new Federal Reserve Chair Kevin Woorh is about to take office. The market predicts that before the mid-term elections, there will be 1 to 3 interest rate cuts, so don’t be too bearish on the market. BTC will follow the US stock market.
BTC-0.2%
ETH-1.39%
DOGE-0.34%
PEPE-1.3%
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