Market outlook on April 26:

●Market trend: The market is weak and volatile. It just pulled back when it was about to rise. Brother Sun still continues to buy ETH. US stocks continue to fall. The US GDP in the first quarter of the year began to stagnate, and the expectation of interest rate cuts remains. The general trend is still in the process of a bull market. Considering that the selling pressure of Grayscale is still large, BlackRock ETF still has no net inflow. There was a certain degree of downward correction yesterday. BTC rebounded after testing the support near 62700 last night. From the 4H level, in the early morning, the currency price tried to hit the BOLL middle track but fell under pressure. The overall momentum shows that the volatility of the market is shrinking, consolidating around the 63600~65000 range. The MACD bar chart shows a negative value, and both lines diverge downward below the 0 axis, which further indicates that the trend is bearish. The daily K level is near ma15, and the upper side is under pressure from various moving averages!

Focus on 4H support: 63600 resistance: 64900

Daily K support: 62700, resistance: 66000

●Important data release:

Released tonight at 20:30

(1) Core PCE in March

(2) University of Michigan Consumer Confidence Index

The US 2024 Q1 GDP is lower than expected, and there are rumors in the market that Wall Street traders speculate that the interest rate cut will be postponed until December. Judging from the recent Fed’s various actions to postpone the interest rate cut, there is pressure to cut interest rates this year.

●Crypto Lunch Report:

● Sun Yuchen’s address deposited 5K BNB to BN 7 hours ago, worth 3.07 million US dollars.

● The US GDP grew at an annual rate of 1.6%, and the GDP growth rate in the first quarter slowed significantly, which was lower than market expectations.

● Grayscale spot BTC ETF "GBTC" outflowed 2,150 BTC yesterday (April 25), equivalent to $140 million, and the net outflow of BTC spot ETF yesterday was $197 million.

● Runes protocol token DOG has a market value of nearly $500 million and a 24-hour trading volume of over $13 million.

● IMX launches a $50 million game reward program.

● Consensys sues the US SEC for trying to classify ETH as a security.

● SEC delays decision to approve spot BTC ETF options listing and trading until May 29.

● SHIB announced that the Shibarium hard fork will be launched on May 2.

● MAVIA has announced a modification of the MAVIA issuance plan. Mavia's circulating supply will remain below 14% until February 2025.

●24H net inflow TOP: pepe>near>high>lsk>trx>ar>hbar>imx

●24-hour increase in the top stocks: COS>ORN>W>LUNC>HIGH>NEAR>LSK