Track real-time hotspots in the crypto world and seize the best trading opportunities. Today is Friday, April 4, 2025. I am Wang Yibo! Good morning, crypto friends ☀ hardcore fan daily attendance 👍 Like and make a fortune 🍗🍗🌹🌹

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After Trump introduced a new round of tariffs, the panic spread in the market, and countries responded to the tariffs, and the global market was in turmoil. Overnight, the three major U.S. stock indexes opened lower and closed lower, with the Dow initially closing down about 1,700 points, the S&P 500 down 4.8%, and the Nasdaq down nearly 6%. Technology stocks fell hard, Apple (AAPL.O) fell 9%, and the market value evaporated about $300 billion, Amazon (AMZN.O), Nvidia (NVDA.O) fell 8.9% and 7.8% respectively. Intel (INTC.O) rose 2% against the market. The Nasdaq China Golden Dragon Index fell 1.9%. And the dollar erased all gains since Trump's victory in the November 5, 2024 election. According to CME's "Fed Watch": The probability that the Fed will keep interest rates unchanged in May is 68.8%, and the probability of cutting rates by 25 basis points is 31.2%. The probability that the Fed will keep interest rates unchanged until June is 18.5%, the probability of a cumulative rate cut of 25 basis points is 58.7%, and the probability of a cumulative rate cut of 50 basis points is 22.9%.
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Nowadays, the crypto world is full of wash trading tactics, with the secondary and primary markets pulling each other. Market makers and big players eat small fish, while small fish eat shrimps, and in the end, stablecoins also come to "stir the pot". The market is entirely in the hands of a small number of people, and we don’t know if this wave of market is intentionally manipulated by the big players or purely coincidental. What will happen next is still unknown. Let's look forward to today's unemployment rate and non-farm data to see how the Federal Reserve responds and the opinions of various big shots.
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The Bitcoin market has shown a pattern of first rising and then suppressing, experiencing a clear turning point between bulls and bears. It started the rebound at a low point of 82141 in the morning, reaching a high of 83885; however, the bullish momentum could not be sustained, and the market soon fell into a narrow range of fluctuations. In the evening, the bears made another push, causing the price to decline all the way down and finally stopping the rebound at a low point of 81151. From the technical perspective of the 4-hour chart, the current market is clearly in a staircase-like downward channel. Previously, the price formed a brief rebound near 82000, but this rebound was significantly weak, and it quickly faced pressure and fell back, breaking the previous low support in one go, indicating that the bear forces are dominating the market. Observing from the volume perspective, there was a certain degree of volume increase in the low area in the evening, which usually means that market sentiment is becoming cautious, and the bear forces are beginning to gradually release at low levels. However, since the overall market is still in a downward trend, even if a short-term rebound correction occurs, it tends to show a weak consolidation pattern of 'stepping back after each advance' rather than a signal of trend reversal. In terms of trading strategy, it is recommended to continue focusing on short positions during rebounds. If the price continues to break down, it is expected to further open downwards space.
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Ethereum has also shown a similar market trend as Bitcoin. In the early session, it rebounded from the 1780 level, once reaching a high of around 1844. However, as the selling pressure from above gradually increased, the price began to retreat, hitting a daily low of 1748, giving back most of the morning's gains. Currently, the market space is converging and correcting indicators, entering a rhythm of oscillation. While entering short positions, it is necessary to pay attention to the magnitude and persistence of the bullish rebound. On the hourly chart, there is a certain spreading momentum of bulls. In terms of trend structure, although the overall trend is still bearish and in a downward shape, after the market declined, it stopped the drop, forming the current low-level rebound trend. The slow rise of the rebound has created a continuation, so in the short term, follow the market rhythm, first look for a rebound, then look for a retreat.