Today is Wednesday, April 29, 2026. After yesterday’s decline, the crypto market saw a modest rebound. Bitcoin has returned above $76,000, and Ethereum has also reclaimed the $2,300 level.

📊 Today’s Market Snapshot

Asset Latest Price 24H Change Core Highlights
Bitcoin (BTC) $76,200 - $76,400 Modest rebound of about +0.5% ~ +1.0% This morning, it rebounded and broke above $76,000, and the total crypto market cap rose 1.1% over 24 hours
Ethereum (ETH) $2,285 - $2,290 Modest consolidation (about -0.02% ~ +0.1%) Following the broader market rebound, it briefly broke above $2,300 before pulling back slightly

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🔍 Analysis of Today’s Market Developments

1. Latest update: a modest rebound this morning

After yesterday’s sharp pullback, the crypto market took a breather this morning. Bitcoin rebounded and broke back above $76,000, with a high of $76,270, and Ethereum also briefly reclaimed the $2,300 mark. However, the rebound strength is relatively limited, and prices are still consolidating near key support levels.

2. Key negative factor: US-Iran situation + elevated oil prices

The main factors continuing to weigh on the market have not been resolved yet:

· Geopolitical risk: Peace negotiations between the United States and Iran have hit a stalemate, and the ceasefire agreement the market had been expecting has not materialized
· Elevated oil prices: Brent crude has risen back above $104, and inflation concerns are suppressing risk appetite

Analysts noted that once oil prices reach this level, inflation worries will start to affect expectations for the Federal Reserve’s rate cuts, which will then transmit to the crypto market.

3. Macro focus: The FOMC meeting is underway

The Federal Reserve’s policy meeting (FOMC) is in progress. The interest rate decision will be released in the early hours of tomorrow (April 30) Beijing time. The market generally expects rates to remain unchanged, but the wording of the statement after the meeting will be crucial—

· A “dovish” signal (hinting at rate cuts within the year) could become a catalyst for the rebound
· A “hawkish” signal (maintaining tightening) could continue to pressure the market

It’s worth noting that historical data shows that in the past nine FOMC meetings, Bitcoin recorded negative returns within 48 hours after eight of those meetings, with an average decline of about 5.6%.

4. Liquidity/flows: institutional support vs short-term forced liquidations

· Institutional support: Net inflows into spot Bitcoin ETFs last week reached $933 million, indicating ongoing institutional backing
· Short-term risk: Selling pressure picked up. Yesterday, about $43,000,000 worth of BTC long positions were forcibly liquidated, intensifying the selloff

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📌 Key Support and Resistance Levels

Based on the key technical levels compiled by analysts:

Asset Direction Key Price Levels Explanation
Bitcoin (BTC) Overhead resistance $78,200 - $79,200 A zone with dense short-term supply; a breakout requires strong volume
Below support $76,500 - $77,000 Bulls’ last line of defense; if it breaks, bears may take control
Ethereum (ETH) Overhead resistance $2,300 - $2,322 The 50-day moving average area; reclaiming it could rebuild bullish momentum
Below support $2,250 - $2,300 A key support band; if it fails, downside could extend to $2,150

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💡 Summary and Strategy Highlights

Today’s market is a technical rebound after a decline, and the core contradiction is still the two major macro variables: geopolitics + the FOMC meeting.

· Focus: Tonight’s US stock performance, and the wording of the Federal Reserve’s decision early tomorrow morning
· Risk reminder: Before the FOMC is finalized, the long/short game may intensify. It’s recommended to stay cautious and control leverage
· Key going forward: If Bitcoin can hold above $76,500, the short-term structure remains biased bullish; if it breaks below, it may test $75,000 and even $72,000