April 30 BTC/ETH:



Powell's unsurprising hawkish farewell speech causes Bitcoin to plummet 30,000 points!

At 2 a.m., Powell delivered his final speech, expressing concerns about inflation with internal disagreements, expecting a higher likelihood of rate hikes in 2026 than rate cuts, while tensions between the US and Iran remain high. The US dollar and crude oil prices rose under pressure, dragging cryptocurrencies down. In fact, prior to this, the market was following the main capital outflow trend downward, already openly signaling at 7780 yesterday, with a target of 7480, hitting the mark precisely. The decline was extremely smooth!

BTC
On the daily chart, three consecutive bearish candles, price broke below the middle band support, clearly damaging the upward channel trend. Today, observe the rebound strength, with resistance at 7640-7000. If it breaks and stabilizes above 7000, you can temporarily abandon the short. If the daily close cannot surpass 7640, then a further pullback will test the 7000 level. The intraday strategy is to continue rebounding.

Range around 7620-7660, with support at 7740, target 7530-7480. If broken, look at 7360.

ETH
Range around 2265-2282, with support at 2336, target 2218. If broken, look at 2172-2110.
BTC-2.21%
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