Boss Hou's Daily Report: Insights into the Crypto Market - April 29, 2026
🟢BTC is currently trading at $76,800. The candlestick chart shows a rebound after stabilizing around $75,600, but it's facing resistance at the $77,800 mark. Brent crude has broken through $107, becoming a core global pricing point, and energy inflation pressures are pushing the Fed towards a 'long-term high-rate' defense. Tonight's Powell 'farewell Q&A' will be a crucial turning point for monetary policy. Geopolitically, Trump's long-term lockdown and Iran's military expansion have plunged the situation into an 'economic war' stalemate, with risk-off sentiment cushioning some liquidity tightening pressures. The Czech central bank's support for the pancake and the predicted market ETF (effective May 5) indicates a new battleground for sovereign and institutional funds. The market is caught between an 'energy crisis' and 'strategic reserve expectations.' If Powell removes the 'rate-cut bias' from his remarks tonight, BTC could retest the $75,000 support; conversely, if favorable sovereign-level allocations gain traction, breaking through $80,000 could be just around the corner.
🔴Tonight's final words from Powell: redemption or judgment?
Mr. Hou's Daily Report: Today's Insight: BTC is currently priced at $76,573.6. The candlestick chart shows a severe pullback after hitting resistance at $79,000; it has now transitioned from support to resistance, with short-term trends showing a downward drift, and support has shifted down to the $76,000 range. The market has entered a 'stagflation' defense mode. Dalio warns that Kevin Walsh taking over the Fed could complicate the rate cut path, suggesting a shift towards gold for safety. The Bank of Japan maintains its interest rates, but stagflation pressures are limiting global liquidity release. The White House crypto advisor hints at a major announcement regarding a 'strategic Bitcoin reserve,' providing long-term bullish expectations; the ongoing geopolitical crises are causing oil prices to spike, pulling risk assets down. BTC is caught in a tug-of-war between 'policy dividend hopes' and the 'reality of energy inflation.' The US earnings week intertwines with Fed personnel votes, and geopolitical risks are reshaping global pricing logic. Until the 'strategic reserve' announcement drops, BTC may maintain wide fluctuations to hedge against macro uncertainty.
🔴 Recent major events are happening frequently; BTC must hold the critical position.
BTC ETH 🆚 Overall Long/Short Ratio: 50.13% : 49.87%
Interest rates remain unchanged, but there's a significant divide within the Fed. BTC faces another sell-off, dipping below 75k before bouncing back. Powell: This is my last press conference as Chair, congrats to Waller. The Fed has kept interest rates steady for the third consecutive time, with an unusual 8-4 split vote in the FOMC.
US-Iran negotiations have seen no substantial progress, causing market sentiment to dip, with Bitcoin slightly dropping below $77,000. White House Chief Cryptocurrency Advisor: Major announcement on the 'Strategic Bitcoin Reserve' plan expected in the coming weeks. Dalio warns: Walsh shouldn't cut rates during 'stagflation' and advises allocating 5%-15% in gold.
BTC is currently priced at $77,803.5. The candlestick chart shows a sharp drop after hitting the 79,400 high due to significant sell pressure, and it's now in a low-volume recovery phase. The short-term moving averages MA5 and MA10 are tightly bound at lower levels, while the MA30 above presents heavy resistance, indicating a bearish trend. Expectations for interest rate cuts have been pushed back to September, and with Powell's 'farewell speech' on Wednesday, market risk aversion is rising. Although Iran proposed to reopen the Strait, nuclear talks have been delayed, and the Middle East stalemate remains unbroken. US Treasury auctions are attracting fund inflows, putting pressure on liquidity premiums. Progress on structural legislation is stalled, with a deadline approaching on May 25. The market is becoming more fragmented, and analysts are warning based on historical averages of a potential drop to the $57,000 deep water zone in October. Sell pressure is heavy and lacks incremental positive support. If we can't effectively hold the $78,000 level in the short term, we need to be wary of liquidity crashes and secondary pullback risks during the policy vacuum period.
The market fluctuated and converged over three days. BTC support at 74,000, resistance at 78,000; ETH support at 2,350, resistance at 2,400. Sell high, buy low, and set risk control with a light position.