$BTC April 24 Cryptocurrency Market Analysis

Today, the crypto market is consolidating at high levels with divergence between strength and weakness, BTC is fluctuating narrowly, ETH is clearly weakening, and the overall market is under pressure. Bitcoin is currently priced at $78,378, down slightly by 0.04% over 24 hours, reaching a high of $78,788 before pulling back, maintaining a range of 77,500-78,500. Ethereum is relatively weak, trading at $2,333, down 1.67%, with mainstream coins declining across the board, and altcoin sector funds are weak.
The entire network experienced mild liquidations over the past 24 hours, with both long and short positions being liquidated, and leverage sentiment remains cautious; the Fear & Greed Index is at 39, leaning towards fear. News-wise, the US dollar index is strengthening, oil prices are high, and inflation concerns have delayed the Fed's rate cut expectations, putting pressure on risk assets; BTC spot ETF continues to see net inflows, with institutional support indicating a medium- to long-term trend.
From a technical perspective, the daily bullish trend for BTC remains intact, but the 4-hour MACD has a death cross, indicating short-term correction pressure. Resistance is at 78,500-78,800, support at 77,500-77,000. ETH faces clear resistance at 2,350-2,360, with support at 2,300-2,310.
In the short term, expect high-level consolidation, beware of deep corrections, avoid chasing highs, trade within a light position range, strictly set stop-losses, and patiently wait for a clear trend.
⚠️Risk reminder: Cryptocurrency volatility is extremely high. The above is for market analysis only and does not constitute investment advice.