ChainCatcher news, according to Cointelegraph, co-founder of the trading resource platform Material Indicators, Keith Alan, stated that there is still room for Bitcoin's price to dip for support without breaking the overall upward trend.The macro trend line on the Bitcoin daily chart and two key moving averages currently coincide with the year-to-date opening price of $93,500. As long as Bitcoin continues to trade above this range, the bullish trend remains intact.Well-known trader Crypto Tony holds a similar view, believing that it would be acceptable for Bitcoin to drop another $4,000 from its current level before the close of this week.

ChainCatcher news, Bitfinex Alpha released a report stating that since Bitcoin regained a foothold in the $92,000 range in late April, it has consistently demonstrated strong resilience and structural strength, with prices steadily rising. This increase is clearly driven by the spot market, characterized by a rapid upward impulse following a brief and clear consolidation phase. This trend indicates that the current market is in a healthy accumulation phase, supported by strong real demand rather than speculative overheating. The cumulative volume delta (CVD) of major trading platforms remains positive, further confirming that the market is led by genuine buying rather than leveraged speculators.Meanwhile, the positioning in the derivatives market is more reactive, with fluctuations in open interest showing that the market is in a transitional phase, accompanied by short squeezes and liquidations. This cleansing helps lay a healthier foundation, allowing speculative bubbles to be digested, with the current upward momentum driven by real capital flows, providing stronger support. Although the possibility of a short-term pullback still exists, the overall trend remains positive.

ChainCatcher news, according to analysis by CryptoQuant author ShayanMarkets, the price of Ethereum is approaching the key resistance level of $2500, indicating an overheated market. Exchange data shows a significant increase in trading volume, primarily driven by profit-taking and the supply available in this price range.ShayanMarkets believes that the current overheated market condition suggests a potential short-term correction, which will create conditions for a new round of accumulation. It is expected that Ethereum will continue to maintain a consolidation trend until sufficient new demand emerges to push the price above this resistance range.

ChainCatcher message indicates that, according to SoSoValue data, the encrypted market sector is generally experiencing a pullback. The Layer2 and GameFi sectors, which saw significant gains yesterday, fell by 7.02% and 6.99% respectively. Within the Layer2 sector, Starknet (STRK) dropped 9.64% in 24 hours, while Celestia (TIA) fell 9.72%. In the GameFi sector, Axie Infinity (AXS) and Decentraland (MANA) decreased by 9.05% and 10.65% respectively.Additionally, Ethereum (ETH) started to retreat after breaking through $2700 yesterday, dropping 3.52% in 24 hours and falling below $2600. Bitcoin (BTC) decreased by 0.68%, but remains around $103,000.In other sectors, the PayFi sector fell by 1.85%, and the CeFi sector declined by 1.99%, with LEO Token (LEO) and Amp (AMP) rising against the trend by 2.00% and 13.75% respectively; the Layer1 sector dropped by 4.53%, while TRON (TRX) saw a slight increase of 0.55%; the Meme sector decreased by 4.60%, and the DeFi sector fell by 4.86%, with Ethena (ENA) dropping 8.85%.The cryptocurrency sector indices reflecting historical market trends show that the ssiLayer2, ssiGameFi, and ssiSocialFi indices fell by 7.89%, 7.11%, and 6.02% respectively in 24 hours.

ChainCatcher news, according to analyst @ali_charts, Bitcoin may experience a brief pullback, with the RSI currently indicating an overbought condition.

ChainCatcher message indicates that, according to SoSoValue data, the cryptocurrency market sector is generally experiencing a pullback. Bitcoin (BTC) has dropped 1.47% in the last 24 hours, pulling back to around $102,000. Ethereum (ETH) has seen a pullback for three consecutive days, down 2.22% in the last 24 hours, falling below $2,500. Additionally, the PayFi and CeFi sectors remain relatively strong, rising 3.30% and 0.04% respectively. Within the PayFi sector, XRP has increased by 3.56%. In the CeFi sector, LEO Token (LEO) has risen by 3.70%.The cryptocurrency sector index reflecting historical market trends shows that ssiPayFi has increased by 3.43% in the last 24 hours, while ssiCeFi has decreased by 0.17%, with weekly returns of 14.39% and 8.85% respectively.In other sectors, the Layer1 sector has dropped 1.37% in the last 24 hours, the NFT sector has decreased by 1.98%, but Moca Coin (MOCA) has risen against the trend by 3.59%. The DeFi sector has fallen by 3.27%, with Ethena (ENA), which previously saw significant gains, dropping by 11.79%. The Layer2 sector has decreased by 3.44%, and the Meme sector has dropped by 4.15%, but dogwifhat (WIF) remains strong, surging by 9.58% during the session.

ChainCatcher news, according to The Block, Bitcoin is currently about 4.5% lower than its historical high of $108,786 in January. Vincent Liu, Chief Information Officer of Kronos Research, stated: "Bitcoin is currently hovering near its historical high, with strong technical momentum supporting its break above the 50-day and 200-day moving averages. The continuous increase of institutional investors and the optimistic outlook for 2025 indicate that Bitcoin is likely to set a new historical high."However, another analyst pointed out that Bitcoin's Relative Strength Index (RSI) indicates that the cryptocurrency is in the "overbought" zone. Rachael Lucas, an analyst at BTC Markets, said: "This does not necessarily indicate that the market will reverse immediately, but it does increase the likelihood of a cooling off or consolidation in the short term. A retest and consolidation above the key psychological level of $100,000 would be a healthy development and could lay the groundwork for further increases."Min Jung, a research analyst at Presto, stated: "The recent rise in the cryptocurrency market has been driven by renewed optimism regarding the China-U.S. trade negotiations. With Bitcoin's dominance reaching levels seen before the 2021 bull market, we are now experiencing a typical rotation—capital is starting to flow into altcoins."Presto analysts added that the likelihood of Bitcoin breaking above its previous historical high may depend on how trade negotiations develop, while other escalating geopolitical tensions remain a key variable.

ChainCatcher news, ARK Investment Management released a Bitcoin reading report for April 2025, which pointed out that the economic outlook signals from inflation, market sentiment, and tariffs are mixed. However, the data shows that Bitcoin's price rose by about 14% in April, outperforming the S&P 500 index, and quickly rebounded from the market panic triggered by tariffs.The report also mentioned that the current price correction of Bitcoin has not exceeded 30%, technically still in a bull market range. If it drops 30%, 50%, and 70% from the historical peak, the corresponding price levels would be approximately $74,311, $53,080, and $31,848.In addition, the number of unrealized loss Bitcoins held by long-term holders (LTH) is close to 3.5 million, the highest level since 2018, indicating that the market may be in an oversold state, which ARK views as "bullish." The report also noted that the current proportion of profitable Bitcoin supply has not exceeded 68%, far below the historical peak of over 80%, suggesting that there are no signs of irrational exuberance in the market. Overall, on-chain data reflects that the market is in a healthy consolidation phase.

ChainCatcher news, according to Cointelegraph, crypto analyst Michaël van de Poppe stated, "Despite the recent strong rebound of Bitcoin, there is still enough room to retest support levels. I would prefer to see Bitcoin stay above $91,500 to $92,000.For me, this will validate the continuation of the uptrend, as the previous range support becomes effective support again, indicating the potential to continue challenging the all-time high (ATH). Cryptocurrencies and altcoins often tend to adjust in the week leading up to the Federal Reserve meeting, and it is speculated that this round of adjustment will end around Tuesday, after which a rebound will begin."

ChainCatcher message, according to SoSoValue data, the encrypted market sector generally retraced, with Bitcoin (BTC) down 1.15% in 24 hours, briefly falling below $93,000. Ethereum (ETH) dropped 2.36%, falling below $1,800. Only the NFT and PayFi sectors maintained an upward trend, with the NFT sector rising 3.47%. Within this sector, Pudgy Penguins (PENGU) has continued to rise recently, increasing 30.59% in 24 hours, and Magic Eden (ME) rose 6.92%. The PayFi sector increased by 2.60%, with XRP and Monero (XMR) rising 3.22% and 17.79%, respectively.Meanwhile, the cryptocurrency sector indices reflecting historical market performance show that the ssiNFT and ssiPayFi indices rose 6.42% and 2.40% in 24 hours, respectively, with the ssiNFT weekly return rate reaching 38.47%.Also performing well is the decentralized storage protocol Walrus (WAL) from the Sui ecosystem, which rose 17.86% in 24 hours.In other sectors, the CeFi sector fell 0.62%, the Layer1 sector dropped 1.54%, and the Meme sector decreased 1.69%, with Bonk (BONK) and Fartcoin (FARTCOIN) rising against the trend by 4.05% and 10.24%, respectively. The AI sector fell 2.50%, but Bittensor (TAO) and ai16z (AI16Z) rose by 1.51% and 2.01%, respectively. The DeFi sector decreased by 3.29%, and the Layer2 sector fell by 4.10%.

ChainCatcher news, influenced by Trump's ongoing pressure on Powell, today New York futures gold broke through the 3500 mark, with spot gold just a step away from 3500.KCM Trade Chief Market Analyst Tim Waterer stated: "Amid concerns over tariffs and the controversy between Trump and Powell, investors have been wary of U.S. assets, allowing gold to fully capitalize on the dollar's predicament and gain a favorable position. Given the rapid increase in gold prices since the beginning of this month, there remains a possibility of a pullback. However, there is reason to believe that if gold prices do pull back, buyers will still be keen on gold, as high economic uncertainty remains a key feature of the market."

ChainCatcher message indicates that, according to SoSoValue data, the crypto market sector has seen a slight pullback, with the Layer2 sector leading the decline at 3.47%. Within this sector, Celestia (TIA) and Movement (MOVE) dropped 7.38% and 12.28% respectively over the past 24 hours. The SocialFi sector remained relatively strong, rising by 1.08%, with Toncoin (TON) increasing by 1.24%.In other sectors, the Layer1 sector rose by 0.78%, with Solana (SOL) and Hyperliquid (HYPE) increasing by 3.25% and 4.32% respectively; the CeFi sector rose by 0.52%, with LEO Token (LEO) and Bitget token (BGB) increasing by 1.29% and 1.60% respectively; the Meme sector rose by 0.25%, with Fartcoin (FARTCOIN) increasing by 3.80%; the PayFi sector rose by 0.52%, with Bitcoin Cash (BCH) and Ultima (ULTIMA) increasing by 3.45% and 3.91% respectively; the DeFi sector fell by 0.58%, although Raydium (RAY) rose by 3.08%.Additionally, the crypto sector indices reflecting historical market trends show that the ssiSocialFi, ssiMAG7, and ssiCeFi indices rose by 0.75%, 0.48%, and 0.41% respectively over the past 24 hours, with the ssiMAG7 achieving a weekly return rate of 5.26%.

ChainCatcher news, according to CoinDesk, XRP has formed a "rising wedge" pattern in the technical chart, indicating that the recent rebound to $1.60 may have ended, with sellers regaining control of the market. This pattern consists of gradually converging highs and lows, usually signaling a weakening upward momentum. If the price breaks below the lower trendline, it could trigger further declines.XRP has currently fallen below the Ichimoku cloud support, reinforcing the bearish signal. If it cannot break through the recent high of $2.18, there is a risk that the price may retreat to the support level of $1.60.

ChainCatcher message indicates that, according to SoSoValue data, the cryptocurrency market sector is generally experiencing a pullback, with only the AI and DePIN sectors remaining relatively strong. The AI sector has risen by 0.66% in the last 24 hours, with Bittensor (TAO), Render (RENDER), and Fartcoin (FARTCOIN) increasing by 2.30%, 7.51%, and 7.94%, respectively. The DePIN sector has risen by 0.60%, with Helium (HNT) and Grass (GRASS) increasing by 2.47% and 3.82%, respectively.Meanwhile, the cryptocurrency sector indices reflecting historical market trends show that the ssiAI and ssiDePIN indices have increased by 1.72% and 1.19% in the last 24 hours, respectively, with the ssiAI index having a weekly return rate of 3.79%.Additionally, Bitcoin (BTC) has narrowed its decline to 2.47%, rebounding above $80,000. Ethereum (ETH) has dropped by 6.16% in the last 24 hours, falling below $1,600.In other sectors, the CeFi sector has decreased by 0.03%, but Hyperliquid (HYPE) has risen by 6.01%; the Meme sector has fallen by 0.85%, and the Layer1 sector has decreased by 0.99%, with Avalanche (AVAX) rising by 1.20% and Hedera (HBAR) increasing by 1.71%; the Layer2 sector has dropped by 1.09%, with Arbitrum (ARB) rising against the trend by 1.21%; the PayFi sector has decreased by 1.39%, and the DeFi sector has fallen by 1.45%.

ChainCatcher news, according to Cointelegraph, CryptoQuant's research director Julio Moreno stated that Bitcoin has retraced 26.6% from its peak of $109,500, approaching the largest decline of this bull market. Although it is not as severe as the bear markets of 2022 (-73%) and 2018 (-83%), the analysis firm ecoinometrics pointed out that against the backdrop of the Nasdaq being flat year-on-year, the difficulty of BTC's rebound has increased, and the risk of further retracement remains.As a result, Strategy did not increase its BTC holdings from March 31 to April 6, with a total investment of $35.65 billion, achieving only a 17% return. In addition, if BTC closes below the 50-week EMA this week, it may signal the start of a bear market, with the current key support level being in the range of $65,000 to $69,000.

ChainCatcher news, according to Cointelegraph, Fidelity Digital Assets has questioned the view that "Bitcoin has reached a cycle peak" in its latest report, suggesting that Bitcoin may be on the brink of the next "acceleration phase."Fidelity analyst Zack Wainwright pointed out that a typical characteristic of Bitcoin's acceleration phase is "high volatility and high returns," similar to the market performance when BTC broke through $20,000 in December 2020. Although Bitcoin's year-to-date return is -11.44%, having retraced nearly 25% from its historical high, Wainwright believes that the recent performance aligns with the average retracement seen after acceleration phases in previous cycles.Wainwright believes that Bitcoin is currently still in the acceleration phase but is nearing the end of the cycle, having lasted 232 days as of March 3. Historical data shows that the acceleration phases in 2010-2011, 2015, and 2017 peaked on the 244th day, 261st day, and 280th day respectively, with each cycle lasting longer. However, historically, acceleration phases usually feature two major upward waves, with the first wave occurring after the election this time. If it can break through the previous high again, the starting point for the second major upward wave may be around $110,000.

ChainCatcher message indicates that, according to SoSoValue data, after several days of consecutive gains in the encrypted market sector, today sees a general pullback, with only the SocialFi and Meme sectors remaining relatively strong. Among them, SocialFi rose 1.97% in the last 24 hours, Toncoin (TON) increased by 2.66%, and UXLINK rose by 3.82%. The Meme sector has risen for four consecutive days, with Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) increasing by 1.39%, 2.74%, and 6.55%, respectively.The cryptocurrency sector indices reflecting the historical performance of the sectors show that the ssiSocialFi and ssiMeme indices rose by 2.22% and 1.09%, respectively. Notably, the weekly return rate of the ssiMeme index has reached 14.37%.In other sectors, the DeFi sector fell by 0.50% in the last 24 hours, with Sky (SKY) performing strongly, rising by 10.32% in a single day; the RWA sector decreased by 1.20%, with Plume (PLUME), which had previously seen significant gains, pulling back by 7%, while Maker (MKR) rose against the trend by 10.71%; the CeFi sector declined by 1.39%, with Hyperliquid (HYPE) affected by a mechanism attack, experiencing a 24-hour drop of 7.38%; the Layer1 sector fell by 1.54%, with Sui (SUI) peaking at 8.05% during the day; the Layer2 sector decreased by 1.64%, and the PayFi sector fell by 3.50%.

ChainCatcher message, according to SoSoValue data, the encrypted market sector mostly experienced slight pullbacks, while the SocialFi and RWA sectors rose against the trend. The SocialFi sector increased by 3.82% in 24 hours, with Toncoin (TON) rising by 4.49%; the RWA sector rose by 1.33%, with Pendle (PENDLE), Maker (MKR), and Plume (PLUME) increasing by 3.79%, 8.08%, and 9.13% respectively. Meanwhile, the ssiSocialFi and ssiRWA indices, which reflect the historical performance of the sectors, rose by 3.59% and 1.14% in 24 hours respectively.In addition, the Hyperliquid sector saw a 24-hour increase of 7%, with the HYPE native token rising by 7.02%; Ethereum (ETH) also remained relatively strong, increasing by 1.23% in 24 hours.In other sectors, the DeFi sector rose by 0.46% in 24 hours, with Sky (SKY) increasing by 7.88%; the Layer1 sector rose by 0.23%, the Meme sector fell by 0.82%, and the CeFi sector declined by 0.85%, although LEO Token (LEO) and Bitget token (BGB) rose against the trend by 1.32% and 3.10% respectively; the PayFi sector fell by 0.95%, and the Layer2 sector decreased by 1.29%.

ChainCatcher news, according to The Kobeissi Letter, since reaching an all-time high on December 16, 2024, the cryptocurrency market has evaporated $1.3 trillion in market value, a decline of 33%, equivalent to an average daily loss of $15.5 billion over 84 consecutive days.The Kobeissi Letter points out that this marks the largest three-month market value correction in cryptocurrency history, with the current total value of the crypto market dropping to its lowest level since November 6, 2024.