Track the real-time hot spots in the currency circle and grasp the best transaction opportunities, today is Thursday ☀ 👍 🍗🍗🌹🌹, April 17, 2025

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The market was expecting Powell to send a dovish signal in the face of tariff pressures and a potential recession, even if not to cut interest rates, to calm market sentiment. However, as a result, he still maintained a neutral and hawkish stance, clearly denied the possibility of cutting interest rates and pausing balance sheet reduction in the near future, and did not say a word about the response to the economic downturn, saying that he would wait for the actual impact of tariffs on inflation before making a decision. However, Powell emphasized the urgency of stablecoin legislation and sent a signal that crypto regulation can be moderately relaxed, which is good for the long-term development of the crypto industry. Overall, although the market has been under pressure in the short term, structural support and policy statements have set the tone for medium- and long-term development. The GDP data at the end of the month will be the key, and how to adjust the subsequent monetary policy will largely depend on the performance of GDP.
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The price of Bitcoin has experienced some volatility and is currently trading around $83,600. With the price shock in the early stage, the Bitcoin market has shown the characteristics of a short-term pullback, especially in the past 24 hours, the price has broken through $86,000 and quickly fallen, the downside touched the lower rail support and then turned to the mid-yang line to pull back, the single yang K-line out of the rebound, the current rebound space did not form a reversal, just as a rebound correction treatment, overall, the 4-hour structure is still running in the downward step channel, the pressure of the downward trend line moved down to near the 87000 mark and coincided with the low point of the neckline. It is also a defensive point for short-term gongtou. The rebound below this level is treated as a consolidation correction. Conversely, a breakout changes the short-term downside. At present, there is still some support in the daily structure, which makes the short-term roundabout shock, pause step by step, and cooperate with the rebound in the yin fall, and accumulate momentum while consolidating
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Ethereum has recently retreated after encountering strong resistance above $1,700, has fallen below the 1620 support level, and briefly tested near $1,550. The technical side shows that the short-term bearish momentum prevails, the short-term shock trend continues to weaken, the amplitude of up and down fluctuations decreases, the daily level fluctuates around the MA5/10 daily moving average, the market sentiment is more cautious in the short term, and the technical signal shows the risk of a pullback. Investors should pay attention to changes in key support and resistance levels and adjust their strategies flexibly. If the price of bitcoin can effectively break above 1620 and gain a foothold at this level, a new upward cycle may be ushered in. Conversely, if it falls below the support level, you need to be cautious about the risk of a pullback.