#BTC# #ETH# #比特雲少#

In-depth analysis of cryptocurrency night trading on April 21, 2025
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Technical Analysis

BTC is currently in a key resistance area, forming multiple pressures around 89,000 USD:

The EMA30 moving average resistance (89000) constitutes short-term trend resistance.

The MACD indicator shows signs of weakening momentum, with the DIF and DEA lines converging and the histogram continuing to shrink.

The 4-hour RSI (14) shows a bearish divergence, with the price reaching a new high but the indicator failing to follow.

Fibonacci key level 92000 (61.8% retracement level) forms strong resistance.

If the price cannot effectively break through 92000, the weekly bearish trend will continue, with key support located at 86000 (the lower edge of the April range).

Impact of news

Trump signs the "Digital Asset Regulatory Act", requiring stablecoin issuers to have 100% reserves, raising market concerns about liquidity tightening.

BlackRock's BTC spot ETF has seen net outflows for three consecutive days, with institutional capital inflows slowing down.

The Federal Reserve's hawkish remarks strengthen expectations for a stronger dollar, putting pressure on risk assets.

Market sentiment
The long and short positions are tending towards balance, but the bearish momentum is slightly dominant. The funding rate in the derivatives market has returned to neutral, indicating a cooling of short-term speculative sentiment.

Operation Strategy

BTC: Short with light position (3% allocation) at 88500-89000, stop loss at 91900, target at 86000

Mainstream coins such as ETH/BCH: correlated with BTC but with amplified volatility, can be used for appropriate hedging.

Altcoins: Short-term pressure, pay attention to the effectiveness of previous low support.

(Note: The market changes rapidly, it is recommended to dynamically adjust strategies based on real-time data.)