April 23 Cryptocurrency Focus: Trump "Changes Face," Federal Reserve Expectations Shift, Where Will Cryptocurrency Go?

CN
6 hours ago

Tracking real-time hotspots in the cryptocurrency world and seizing the best trading opportunities, today is Wednesday, April 23, 2025, I am Wang Yibo! Good morning, crypto friends! ☀️ Die-hard fans check in 👍 Like to make big money 🍗🍗🌹🌹

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A new day brings a new chapter in the crypto market, with endless hotspots emerging daily. The current market uptrend seems logical, yet how many people regret missing this opportunity? In fact, the market operates on such principles. Numerous favorable factors are jointly propelling the bull market forward. On one hand, "Golden Retriever" Trump continues to pressure the Federal Reserve, making it highly likely that the Fed will take measures to cut interest rates; on the other hand, the new SEC head has taken office with a friendly attitude towards cryptocurrencies. Against this backdrop, Bitcoin's price has surged, approaching the $95,000 mark; even Ethereum, which some previously thought was underperforming, has successfully broken through $1,700. The contract market is also boiling, with many short positions being liquidated. Meanwhile, the three major U.S. stock indices rebounded significantly on Tuesday. The market positively received news of easing trade tensions, with the Dow Jones Industrial Average initially rising by 2.66%, the S&P 500 index increasing by 2.51%, and the Nasdaq Composite index rising by 2.7%. All crypto friends must pay attention to Yibo to stay updated on real-time dynamics.

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Trump's recent attitude towards Federal Reserve Chairman Powell has dramatically reversed. Previously, Trump claimed he was considering firing Powell, but on the 22nd, he stated he had no intention of doing so, while still emphasizing that the Fed should lower interest rates and hoping Powell would take more proactive actions regarding interest rates. During his first term, Trump frequently criticized the Fed and Powell publicly, urging the Fed to cut rates. After starting his second term, he has repeatedly pressured Powell to lower rates. On April 17, Trump vehemently stated that Powell's actions were always "late and wrong," insisting that he should have cut rates like the European Central Bank and should do so immediately, even bluntly stating that "the sooner Powell leaves, the better." His previous threats to dismiss Powell caused market panic. According to a Bloomberg report on the 21st, due to investors' concerns that Trump might fire Powell, they sold off U.S. stocks, bonds, and dollars, driving gold prices to a historic high. Powell had previously made it clear that the Fed would not yield to political pressure and would focus on combating inflation in the current complex economic situation. Trump's sudden change in attitude caught the market off guard. As a result, gold prices plummeted, dropping over $100, and expectations for interest rate cuts quickly cooled, with the market's nerves once again stirred by Trump's "sharp turn." According to CME's "FedWatch" data, the probability of the Fed maintaining interest rates in May is 91.7%, while the probability of a 25 basis point cut is only 8.3%; by June, the probability of maintaining rates is 32.8%, the cumulative probability of a 25 basis point cut is 61.8%, and the cumulative probability of a 50 basis point cut is 5.3%.

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In recent trading days, we have consistently provided bullish strategies, and Bitcoin's performance has aligned with our expectations, steadily climbing. In the early hours, the price successfully broke through the $90,000 mark. Subsequently, we continued to set bullish targets in the $93,000 - $95,000 range. Overnight, the price peaked around $94,058, closely matching our expectations! From a technical analysis perspective, a large bullish candlestick has appeared on the daily chart, clearly indicating that the short-term bullish trend is evident. The weekly chart also shows an upward movement towards the mid-band resistance; although there was some pullback after the peak, the overall retracement was limited. The daily K-line firmly stands above the EMA trend indicator, and the EMA indicator shows a contracting upward trend. The MACD indicator has been continuously increasing, with the DIF and DEA indicators diverging upwards after crossing the zero line, and the K-line has strongly surged and pierced the upper band, all signs indicating that bullish momentum is strengthening. Looking at the short-term 4-hour chart, the K-line has continuously risen with large bullish candlesticks, breaking through key resistance levels. In the context of strong bullish sentiment, all moving averages are rising. Although there has been some pullback adjustment, market bullish sentiment remains high, and upward potential still exists. Therefore, from a short-term operational perspective, continuing to go long remains a wise choice.

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Regarding Ethereum, we updated our strategy in the early hours, setting bullish targets near $1,750 and $1,800. Overnight, the price soared to around $1,778, with the daily K-line strongly breaking through the EMA30 trend resistance. Notably, after yesterday's price rebound, there has been no significant pullback; we provided a strategy to go long based on $1,600 during the day, and the market subsequently offered an increase of nearly 180 points. Currently, the daily K-line has successfully broken through long-standing mid-band resistance; although there was a pullback after testing the upper band, it has not fallen back below the mid-band, but rather shows signs of gradually establishing support near the mid-band. Analyzing the 4-hour chart, the MACD indicator has been continuously increasing, and the DIF and DEA indicators have not yet exited the energy indicator after expanding, which fully indicates that Ethereum's upward trend is not over, and there is still room for further growth. Therefore, in terms of operational strategy, it is prudent to wait for the price to stabilize after a pullback before continuing to enter long positions.

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If you are feeling lost—don’t understand the technology, can’t read the charts, don’t know when to enter, don’t know how to set stop losses, don’t understand take profits, randomly increase positions, get stuck while trying to catch the bottom, can’t hold onto profits, miss out on opportunities… these are common issues for retail investors. But don’t worry, I can help you establish the right trading mindset. A single profitable trade speaks louder than a thousand words; finding the right direction is better than repeatedly failing. Instead of frequent trading, 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 layouts. I look forward to steadily moving forward in the market with you.

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