BTC falls below the $78500 mark

BlockBeats News: On April 9th, Nick Timiraos, a journalist from The Wall Street Journal known as the "voice tube" of the Federal Reserve, published an article stating that Federal Reserve Chairman Jerome Powell is facing increasingly difficult tasks. Economists, business owners, and investors generally believe that the uncertainty brought about by Trump's sudden large-scale tariff hikes, many of which will take effect on Wednesday, will push the economy closer to recession by weakening employment and consumption. This may require interest rate cuts to alleviate downward pressure on the economy. At the same time, the magnitude of tariffs may lead to significant price increases for many imported goods, including raw materials used by domestic manufacturers. This may make Federal Reserve officials concerned about inflation and support maintaining current interest rates, despite the growing risks to the economy and labor market. They are in a dilemma, "said former Federal Reserve Governor Lawrence Meyer. The US Congress has entrusted the Federal Reserve with the responsibility of maintaining low and stable inflation and a healthy labor market. Since over forty years ago, no US president's policy has posed such a profound potential conflict between these two tasks of the Federal Reserve.

The current price range has sparse chips, but the high priced area above has dense chips, forming a strong pressure zone. The resistance level is around 1600, only 9.34% away from the current price. Combining the latest candlestick cross pattern with the downward pressure of the EMA24/52 moving average, the downward momentum is further amplified, and the rebound may be limited by chip pressure. Recently, trading volume activity has increased, but RSI is still in the oversold zone. The market may rebound briefly, but it is difficult to change the overall weakness. Chip distribution analysis helps you accurately identify resistance support and strategically position high winning points in advance. Open a membership, unlock exclusive chip distribution indicators, and gain insight into the main trends! The data is sourced from the PRO member's [ETH/USDT Binance 90 minute] K-line, for reference only, and does not constitute any investment advice.

According to AiCoin monitoring, the net outflow of US spot BTC ETF reached 326 million US dollars yesterday, the highest daily net outflow since March 20th. Among them, IBIT had the largest outflow of funds, reaching $253 million; Next is BITB, with an outflow amount of 21.7 million US dollars. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only

Binance contracts will resume the frequency of FUNUSDT U-based perpetual contract fund rate settlement on April 9, 2025 at 12:00 (GMT+8 time). The frequency of fund rate settlement will be adjusted from once every two hours to once every four hours.

Odaily Planet Daily News: Hunter Horsley, CEO of Bitwise, said, "If you are a country that currently does not trust the United States, you would want to store value in non US assets. But you are unwilling to hold currencies, debts, or assets from other countries because they are more fragile and may be further devalued. Although gold is an option, transportation and control are difficult. At this point, you will find that BTC is an asset that cannot be artificially devalued, is not controlled by any country, and can be immediately self owned