Market outlook on April 27:

●Market trend: Today, the market continues to fall with large short positions, and the 63,000 mark is lost again, with a negative downward trend. From the perspective of the market structure, the daily K-line continues to close negative and weaken, the 4H level moves down in a step-by-step manner, and the MACD short volume column of large and small cycles increases. After the support is lost, it opens the mouth of decline, and the short position is likely to release floods at any time. The overall market of ETH is stronger than that of the big cake, mainly based on linkage. In the expectations of ETH spot ETF, there is no oversold situation, but there are signs of compensatory rise. At the same time, the interest rate decision meeting on May 2 will be the next key to the market. To enter a big bull market, sufficient liquidity support is needed. One of the determining factors of liquidity is interest rate cuts. If the expectation of interest rate cuts continues to decline on May 2, and the approval results of ETH spot ETF are concluded, the market continues to move towards negative, then we need to be prepared for long-term fluctuations.

The overall momentum continues to weaken gradually. From the perspective of ETFs, the exhaustion of institutional demand has not only caused Grayscale to continue to flow out, but also IBIT has not seen net inflows for two consecutive days, showing a weakening of overall purchasing power. As usual, the market will continue to fluctuate and weaken, waiting for new market opportunities to emerge.

BTC: 4H support: 61700 resistance: 63700

Daily K-level support: 60600, resistance: 64800

ETH: 4H support: 3020 resistance: 3180

Daily K-level support: 2920 resistance: 3250

●Crypto News:

① BlackRock IBIT has had 0 net inflows for 3 consecutive days, Grayscale GBTC has a net outflow of 82.4 million US dollars, and Fidelity FBTC has a net outflow of 2.8 million US dollars

② Franklin ETH spot ETF code EZET has been listed on the DTCC website

③ Sun Ge has recharged 166 million USDT to BN in the past 7 hours;

④ Grayscale recharged CB again last night More than 1,000 BTC were transferred to the Prime address, worth about 64.18 million US dollars

⑤Pike: USDC mining pool was used by hackers to steal 299,000 USDC

●24H net inflow TOP: HIGH>COS>ERN>BNX>GLM

●24H increase TOP: GOG>COS>GLM>BNX>LOOM>REI>ELF

Market dynamics are continuously loading, Mima layout focuses on the direction of the planet~