
JiaMiYing|Apr 25, 2025 09:01
BTC: As of April 25, 2025, the current price of BTC is $93700; From the daily level observation, yesterday's high closing pattern is suspected to be a "hanging line", and the market attitude is hesitant, indicating that there may have been a large number of selling behaviors in the market.
On chain data shows that the US spot Bitcoin ETF had a net inflow of $442 million yesterday. Institutional funds are still optimistic about the future, but turnover rates have decreased and market activity has weakened. Based on URPD on chain data, $96300 is a strong resistance level, while $91600 is a key support level. The current price is constantly being contested around $94000.
At the macro level, the United States announced tariff reductions for some of Longfor's automotive components, followed by reports of Longfor reducing tariffs on some semiconductors and components in the United States. These messages effectively eased market concerns about the trade war and boosted the cryptocurrency market. The US GDP and PCE data will be released on April 30th and are expected to have a significant impact on market sentiment.
Overall, based on URPD data, $96300 is a strong resistance level for BTC, while $91600 is an important support level. The current BTC price is repeatedly competing around $94000, and without significant positive stimuli, Bitcoin may continue to fluctuate in the range of $91600 to $94500 in the short term. The upcoming release of US GDP and PCE data on April 30th next week will be a key factor affecting market sentiment.
The information and data in this content are sourced from publicly available materials and strive for accuracy and reliability. However, we do not guarantee the accuracy and completeness of the information, and this content does not constitute investment advice. Therefore, we assume full responsibility for investing based on this information.
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