1. Market trend: rebound in shock, and the trading volume remains low
As the decline continued to expand, BTC prices below $40000 ushered in a technical rebound. The 24-hour fluctuation intensity reached 6%, and the price rose slightly by 2.48%. In terms of pressure level, the 120 day moving average and 60 day moving average are between us $41600 and US $41800, and the selling pressure is very close to the current US $40500. BTC's recent rebound potential is limited unless it is effectively separated from US $45000.
In the case of large selling pressure brought by the main force in the near future and low trading activity, BTC price is easy to fall but difficult to rise.
The proportion of main trading in the exchange has significantly continued to peak twice recently, which appeared on April 12 and April 24 respectively, with values of 0.753 and 0.624 respectively, indicating that the proportion of main selling pressure in these two trading days is relatively high, which means that the main force may have a greater impact on the price in the near future.
2. Interpretation of panic index:
During the slight rebound of the panic index, the value is still lower than 30. At present, the fluctuation space is very small and has lasted for several trading days. Therefore, the panic index continues to prompt investors' trading tendency, and there is no stronger bottom reading signal in the near future. The panic index has remained below 50 since 2022, indicating that the strength of bulls is not dominant, and panic may spread at any time. In the near future, we can continue to pay attention to the prompt expectation of price decline.
3. Dragon and tiger list:
During the overall rebound of mainstream currencies, currencies in different sectors continued to rebound technically. Among the top 100 currencies with market value, the currencies with the highest increase include Doge, GRT, Lido and SNx, all with an increase of more than 13%. The currency with the largest decline generally has a limited callback range, and the price is mainly arranged in a small horizontal range.
Increase list
DOGE
Affected by the news, Doge's 24-hour increase expanded to more than 32%, the price rebounded to around $0.164, and the fluctuation intensity reached a higher one in the year. On the news side, after twitter accepted Elon Musk's acquisition, the price of dogecoin soared. Doge may continue to pay attention to the short-term market, but the characteristics of its message surface need to pay attention to tracking risks. More news is needed to stimulate the rise in prices.
GRT
WEB3. 0 concept currency GRT short-term technology rebounded, with a 24-hour increase of 17.4%. The price rose and broke away from the price horizontal trading platform. In April, GRT price performance was relatively resistant to decline. After the decline narrowed significantly during the correction period, there were continuous profit opportunities during the slight rebound period. However, due to insufficient cumulative volume, we still need to pay attention to the impact of the overall performance of mainstream currencies on prices.
Among the defi concept currencies, SNx, AAVE and CRV led the increase. From the market performance, the three currencies continued to show signs of stabilization. Recently, there is little room for adjustment and less room for fluctuation. We can continue to pay attention to low absorption trading opportunities.
LDO
As eth2 The concept of 0 pledge is an important currency. The LDO market has a strong performance, and its position locking is maintained at a high level. Judging from this, the upward trend of LDO price will continue.
Decline list
Among the currencies with the highest decline, cake has the largest short-term adjustment space, which is related to the fact that the currency price has always exceeded 100% since March. Most currencies have little room for correction. In the rebound stage of the overall market, we can continue to pay attention to low absorption opportunities. At the same time, it can control the overall position investment and lower capital
