Big drop! 20250420

CN
7 hours ago

Good evening, brothers!

After the Grain Rain, the cold is gone, and the world is warming with fragrant blooms.

Jiangnan has not responded to the seasonal rains,

Fortunately, the bright sunlight brings the warmth of spring,

Tea leaves sway gently, bringing peace to the heart…

At this moment of late spring, it seems divided into two halves,

One half is the brilliance of flowers in full bloom,

The other half is the fresh green sprouting on the branches,

One half is the eagerness of "tea households harvesting the Grain Rain buds,"

The other half is the subtlety of "green apricots small as coins."

The weather is no longer so cold,

Adults have put on short sleeves,

Children are also wearing thinner short sleeves,

Because the weather has a hint of a southern breeze,

Daring not to open the windows,

Only able to turn on the air conditioning to cool down a bit.

……

According to the latest weekly data from Bank of America, in the past week, funds flowing into gold funds reached a record $8 billion (Figure 1), even surpassing the $7.9 billion flowing into stock funds, while cryptocurrency funds saw an outflow of $300 million, bond funds had an outflow of $20.1 billion, and money market funds experienced an outflow of as much as $72.4 billion (the highest level since January 2025).

BTC: On the 4-hour level, the price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy.

On the daily level, the price continues to oscillate near the moving averages, with multiple moving averages converging, indicating that the market direction is about to choose.

In summary, the support level is 85,000, and the resistance level is 85,400.

ETH: On the 4-hour level, the price continues to stay near the upper band of the Bollinger Bands, maintaining a price trend in the overbought range, requiring caution for a short-term price correction, with a support level of 1,600 and a resistance level of 1,630.

LTC: The price continues to stay near the upper band of the Bollinger Bands, and the price trend remains healthy, with a support level of 75 and a resistance level of 78.

BCH: The price continues to stay above the middle band of the Bollinger Bands, and the price trend remains healthy, with a support level of 330 and a resistance level of 350.

That's all for now, good night!

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