BTC: As of April 28, 2025, the current price of BTC is US$94,500; from the daily level, yesterday's closing line pattern was a "small negative line", indicating that the market has insufficient trading activity when the liquidity on the weekend is low, and its reference significance is limited. The weekly level closes with a "big positive line", which is accompanied by a certain amount of energy, indicating that the forces of multiple parties are still dominant.
On-chain data, the trading volume and turnover rate of the Bitcoin market over the weekend were sluggish and the participation was not high, reflecting that market sentiment tended to be cautious.
At the macro level, multiple variables will affect the BTC trend this week. The press conference of the four major technology companies and MicroStrategy's financial reports triggered market volatility, especially MicroStrategy, as a firm holder of Bitcoin, has a significant impact on market confidence. In addition, the first-quarter GDP and March PCE price index data will be released, which will lead to fluctuations in the US dollar and indirectly affect BTC prices. If the Arizona Bitcoin Strategic Reserves Act passes, it will bring long-term benefits to BTC, but will also intensify market volatility in the short term.
Overall, Bitcoin's upward momentum this week is limited, and even if it rises temporarily, its sustainability may not be strong. This week's trend may show a "rise first and then fall" trend. In the next three weeks, the market may usher in a certain degree of correction, but the range of correction is expected to be limited. For trendline players, a callback may be a once-in-a-lifetime opportunity.
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