The U.S. FRC is facing bankruptcy, U.S. bank stocks have plummeted, expectations for interest rate hikes have dropped sharply, and BTC has rebounded in response.

Following the bankruptcy of Silicon Valley Bank, FRC also ran into trouble. It is said that FRC had outflows of hundreds of billions of dollars and could only sell 100 billion US dollars of assets.

As banks collapsed, depositors worried about the safety of their assets and large amounts of capital were lost, causing more banks to face cash flow problems. This ultimately led to depositors fleeing at an accelerated pace, and U.S. banks were collectively caught up in the storm.

The real panic is panic itself. If liquidity cannot be improved, more banks will face crises. Wall Street believes that the Federal Reserve will be forced to cut interest rates in May.

This reminds me of March 13, when Silicon Valley Bank went bankrupt, causing USDC to decouple. In the end, the Federal Reserve provided unlimited guarantees, and BTC soared from $20,000 to $30,000.

Will BTC repeat the “Silicon Valley rally”?

At night, BNUS announced that it would stop acquiring Voyager, and VGX plummeted 20%. I have talked about Voyager before. It is a hot potato for BNUS. The acquisition will cause BNB to fall. Now that the acquisition has failed, it is good for BNB.

Yesterday, there were rumors that a whale address with 80,000 BTC began to wake up and dump the market. I traced the original text and found that it was actually a translation error that led to false news. In the end, it was spread by word of mouth that Satoshi Nakamoto was resurrected.

Information gap leads to profit gap. In the future, please verify important news as many times as possible to avoid being misled.

BTC：

21Shares resubmitted the ETF application, which has a positive effect on BTC. BTC pulled back to the 10-day line, and the hourly line surged upward with large volume, and it needs to step back to support. The $28,068 below is the key point of the pin formed on April 24. Only by standing firmly on the long neckline can it build a bottom and strengthen, and enter a new round of upward trend. Next, BTC rebounded from the bottom at $28,068.

Resistance: 28568, 28965, 29356

Support levels: 28068, 27427, 26952

ETH：

ETH retraced to the 30-day line and the hourly line retraced to test the high point. It faces box resistance on the top. As the bullish volume weakens, ETH will test the bottom support many times. The $1836.4 below is the key point of the support line. Only by standing firmly at $1836.4 can it further support the market and strengthen. Next, ETH will bottom out and rebound at $1836.4.

Resistance: 1887.5, 1904.3, 1918.6

Support levels: 1836.4, 1806.4, 1775.5

LTC：

LTC rebounded at the 5-day line, and the bottom continued to rise. There is bullish support. $89.4 below is the key point of the support line. LTC stood firmly at $89.4. The bulls increased their support and will further bottom out and strengthen. Next, LTC bottomed out and rebounded at $89.4.

Resistance: 92.5, 94.6, 97.5

Support levels: 89.4, 87.2, 85.3

DOGE：

DOGE retraced the 120-day bull-bear line and rebounded with a double pin on the hourly line, confirming the bottom support. The $0.078 below is the key point of the support line. Only by standing firmly at $0.078 can it build a bottom and become stronger, entering a bullish upward trend. Next, DOGE bottomed out and rebounded at $0.078.

Resistance: 0.08, 0.082, 0.084

Support levels: 0.078, 0.076, 0.074

IN：

FIL retraced the 120-day bull-bear line, and the hourly line faced box resistance. It rebounded several times at $5.22 on April 22 and April 24, confirming the bottom support. Only by standing firmly at $5.22 can it further build a bottom and strengthen, entering a bull rebound market. Next, FIL rebounded at $5.22.

Resistance: 5.42, 5.63, 5.85

Support levels: 5.22, 5.02, 4.83

Summarize

BTC took the lead in leading the rise, and mainstream spot currencies rebounded and recovered. The market is still in a volatile trend. In the past two days, FBG led the investment in the on-chain game Flappy Moonbird, which has a positive effect on GameFi. You can pay attention to related ecological currencies. Hot spots are being repaired. Continue to hold spots and wait for opportunities for rebounds.