Tuesday, April 15, 2025
- As expected, instead of self-destructing after the tariff rate soared to 100%+, Trump began to rescue those industries that were more affected.
- At the same time, the Trump administration is under increasing pressure from domestic financial capital in the Treasury market, and neither the DOGE corruption nor the savings from the tariff war seem to be able to cover the rising interest on Treasury bonds. Whether this Trump's current Trump can step down with dignity or not, the biggest threat still comes from China.
- Returning to the market, the strength of the rally at $BTC 746 is observed. A view from 8.7 to 8.8 was a strong resistance, and the 4-hour Bollinger bands narrowed at their highs.
- If you forcibly break through the resistance level of 8.7/8.8, the risk of retracement is very high, you can consider a small position to ambush a short position as a swing gain.
- In addition to mainstream currencies such as flatbread, the copycat market is still not improving, and the performance is quite weak, many of the small coins that soared a few days ago have retreated most of the time, and some shitcoins such as $BR even fell below the previous low, so be cautious and wait and see
Special mention of Ethereum 💊
$ETH There is significant resistance at the 1750 to 1800 line, where the 4-hour Vegas moving average, the bearish inflection point and the bullish extension area are concentrated, so there is strong resistance here in the short term.
The reason is simple, now Ether has become completely disconnected from other mainstream coins and is gradually behaving like an altcoin. Since January of this year, Ether has fallen like many altcoins, with little sign of recovery, indicating that neither Ether nor altcoins have bottomed out.
The current lowest point of Ethereum is around 1370, which is the 1.618 support level for new bears, and it is also close to the lower Bollinger band support, combined with the trend of the pie and the rebound on the news surface. But let's be honest, it's too early to talk about a reversal.
Falling from 4000 to 1370, if the ether rebounds according to this magnitude of the plunge, there should be at least 800 to 1000 knife rebounds. The over-falling but inability to rebound reflects the dilemma of most altcoins in the market.
$ETH the lowest level is around 1370, which basically corresponds to the 746 to 737 area of the $BTC, so looking for the area below the pie can look for possible support for the ether. If this area can find support between 900 and 1100, it may sound unbelievable, but in the current market situation, unless the pie hits new highs and activates a sharp rally, it may actually have a chance to dream back into the triple digits.
What do you think?
Show original

71.59K
14
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.