The surge in US tech stocks drives the crypto market! After seven consecutive days of gains for Bitcoin, where will the weekend market trend go?

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6 hours ago

Good morning, crypto friends! Today is April 26, 2025, Saturday. I am Wang Yibo, and I'm here to meet you again. Welcome all loyal fans to check in in the comments section 👍. Friends who like this will surely make a fortune 🍗🍗 🌹🌹

1. U.S. Stock Market Closing Update: Tech Stocks Lead the Rise, Market Sentiment Warms Up

Last Friday, U.S. stocks closed with mixed performance among the three major indices, all ultimately ending in the green. The Dow Jones Industrial Average rose by 0.05%, the S&P 500 increased by 0.74%, and the Nasdaq Composite led the gains with a rise of 1.26%. In terms of individual stock performance, Tesla (TSLA.O) surged ahead with a price increase of 9.8%, while Nvidia (NVDA.O) also performed strongly, rising by 4.3%, both driving the Nasdaq to a new high for the year.

Two key factors supported this market performance. On one hand, expectations for a Federal Reserve interest rate cut continue to heat up, creating a favorable environment for tech stock valuation recovery. On the other hand, the rapid development of the AI industry has led to an explosive demand for computing power, making AI computing leaders like Nvidia prime targets for institutional investors. From the perspective of market sentiment indicators, the fear index (VIX) has significantly retreated to 25.79 points, nearing its low for the year, reflecting a notable alleviation of investor concerns about short-term market volatility. However, the current geopolitical situation remains complex, especially the tensions in the Middle East, which hang over the market like the sword of Damocles, and investors must remain vigilant against "black swan" events that could strike the market.

Notably, the rebound of U.S. tech stocks has shown a clear correlation with the cryptocurrency market. Bitcoin, driven by positive market sentiment, rebounded to a high of $95,800 today. Meanwhile, BTC ETFs have seen the largest single-week net inflow since Trump's inauguration, indicating that many institutional investors are accelerating their entry into the market, driving a strong rebound across the entire crypto market.

2. Bitcoin Market Analysis: High-Position Volatility Game Supported by Institutions

Bitcoin's performance today is particularly noteworthy. During the evening session, its price dipped to around 93,930 but quickly rebounded, reaching a high of 95,748, and is currently retreating to stabilize around 94,500. Looking back at the recent trend, Bitcoin has attempted to break down multiple times but has not succeeded, clearly indicating that bullish forces are stronger than bearish ones. This is also a key reason why I have been advising everyone to focus on long positions for several days.

From a daily chart perspective, Bitcoin has shown a strong trend with seven consecutive bullish candles. Although there was a certain degree of pullback after the evening surge, the overall bullish structure remains solid and has not been materially damaged. The intraday consolidation actually accumulates further upward momentum for the bulls, and the evening rise is within the expected range. However, it is important to note that after Bitcoin's price broke through the upper Bollinger Band, it failed to maintain a strong upward trend, and technical indicators have shown divergence, suggesting that the market may face some adjustment pressure in the short term. Considering that weekend markets are usually more stable, it is expected that Bitcoin will maintain a high-range oscillation pattern going forward.

In terms of operational strategy, given the current market conditions, I recommend that investors adopt a buy low, sell high strategy within the range. If the price breaks down, pay close attention to the defense of the key support level at 93,000; if the price breaks upward, one can follow the trend to chase the rise and seize the continuation of the trend. In actual operations, it is essential to remain flexible, choosing exit timing wisely based on real-time market price changes to maximize profits and effectively control risks.

3. Ethereum Market Analysis: Recovery Trend Driven by DeFi Ecosystem

Ethereum also demonstrated a strong upward momentum today. The price dipped to 1,759 before rebounding, reaching a high of 1,826, and is currently in a retracement phase. From a technical structure perspective, the Bollinger Bands on the four-hour chart are clearly diverging and moving upward, with the K-line successfully breaking through after a strong upward surge, breaking the previous oscillation pattern and refreshing recent highs. Although the price has entered a consolidation phase after a strong rise, the pullback has been minimal, indicating that the price correction is weak and the bullish trend remains very strong. However, since the price is currently at a high level, I suggest that investors patiently wait for a slight pullback before entering long positions to seize subsequent upward opportunities.

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If you are feeling lost—don’t understand the technology, don’t know how to read the charts, unsure when to enter the market, don’t know how to set stop losses, don’t understand take profits, randomly increasing positions, getting stuck by bottom fishing, unable to hold onto profits, missing market opportunities… these are common issues for retail investors. But don’t worry, I can help you establish the correct trading mindset. A single profit is worth a thousand words, and finding the right direction is better than repeatedly failing. Instead of frequent operations, it’s better to strike precisely, making each trade more valuable. If you need real-time guidance, you can scan the QR code at the bottom of the article to follow my public account. The market changes rapidly, and due to the timeliness of reviews, subsequent trends will be based on real-time operations. I look forward to moving steadily forward in the market with you.

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