Global Market Highlight
The latest U.S. economic data for March and April 2025 highlights the continued resilience of consumer spending. Core Retail Sales (MoM) rose by 0.5% in March, slightly above the expected 0.4%, while overall Retail Sales surged by 1.4%, surpassing the 1.3% forecast and showing a strong rebound from February’s modest 0.2% growth. This indicates sustained consumer confidence and purchasing power, likely supported by a solid labor market. Supporting this view, Initial Jobless Claims fell to 215,000 for the week ending April 12, reflecting ongoing strength in employment and a historically tight labor market.
The manufacturing sector experienced a significant downturn, as the Philadelphia Fed Manufacturing Index fell sharply to -26.4 in April, down from 12.5 in March. This decline was much steeper than the market expectation of 2. Additionally, the new orders sub-index dropped considerably to -34.2, marking its lowest level since April 2020. These figures indicate a major contraction in regional manufacturing activity.
Meanwhile, Crude Oil Inventories rose by 0.515 million barrels as of April 16, slightly above the projected 0.400 million, indicating a modest buildup in supply. The contrast between strong consumer activity and weakening industrial output points to sectoral imbalances within the economy.
From a monetary policy standpoint, this mixed situation might lead the Federal Reserve to keep interest rates unchanged as it waits for clearer indicators of inflation and overall economic growth. In terms of market strategy, consumer-related equities continue to be appealing, while bonds and commodities, such as crude oil, may face short-term volatility based on shifting demand trends and guidance from central banks.
Trump’s Tariffs Trigger Global Outcry
President Donald Trump’s sweeping tariff policy—including a blanket 10% levy on all imports and up to 104% on Chinese goods—has ignited global backlash and financial market turbulence. Framed as a move to protect U.S. jobs and curb trade imbalances, the tariffs have drawn sharp criticism from allies and economists who warn of rising consumer prices and heightened recession risks. China's vow to retaliate escalates fears of a full-scale trade war, while global leaders brace for broader economic fallout.
BTC Technical Analysis
Based on the BTC/USDT daily timeframe (1D) chart, Bitcoin is currently showing a bullish price structure after successfully breaking out of a downtrend pattern that had been in place since February 2025. This breakout is marked by the price breaking above the descending purple trendline, followed by the formation of higher lows and higher highs, indicating the potential start of a new uptrend.
In addition to breaking the trendline, the price also demonstrated strength by holding above the key support zone around 83,800 – 84,500 USDT. Moreover, it managed to surpass a critical resistance area at 88,000 – 89,000 USDT, which had previously acted as a strong barrier, confirming the validity of the ongoing bullish movement.
Following the breakout and confirmation of the uptrend structure, the price continued to strengthen, reaching the 93,000 USDT level. This upward move reflects strong buying interest and opens the possibility for a new resistance to form in that area. Additionally, a blue trendline connecting the swing low in late March can be seen acting as dynamic support. As long as the price stays above this trendline, the bullish structure remains intact and the uptrend is likely to continue.
If the price can remain above 92,700 and consolidate effectively, the next target for the rally may be the resistance zone around 99,000 USDT. However, if there is a pullback, the 91,500 to 92,500 range could serve as a potential entry point, as this area now acts as a new support level.
ETH Technical Analysis
Based on the ETH/USDT daily timeframe chart, Ethereum is currently showing signs of a reversal from its downtrend after successfully breaking out from the descending trendline (marked in purple) that has limited price movement since early February 2025. This breakout occurred with a significant bullish candle, indicating increasing buying pressure. The breakout is also supported by a prolonged consolidation in the strong support area around 1,540 – 1,600 USDT, which acted as an accumulation base before the price began to rise.
The price is now around 1,780 USDT, which technically suggests potential further upside toward the next resistance area in the range of 1,850 – 1,900 USDT. If this area is breached, there is room for further upward movement toward a large supply area above 2,000 USDT. However, if a retracement occurs, the previous breakout area around 1,700 may be tested again as a new support.
Structurally, ETH is now beginning to form a higher low and could potentially form a higher high, which would confirm the development of a new uptrend. This signal could be an early indication that the selling pressure that has dominated since the start of the year is starting to weaken, and buyers are taking control of the market. As long as the price remains above the 1,600 USDT support area and does not fall back into the previous consolidation zone, the outlook for ETH remains positive.
SOL Technical Analysis
As of April 23, 2025, Solana (SOL/USDT) is trading around $149.91 after a steady climb from the support zone between $115 and $128. The price is now testing a key resistance level near $139–$140, which previously acted as a strong barrier.
If SOL breaks and closes above this level with strong volume, it could signal a potential move toward the next resistance around $150 or higher. However, if it fails to break through, a pullback to the $128–$130 zone is possible. In summary, SOL is at a key decision point. A breakout above $140 would be bullish, while rejection could lead to a short-term drop.
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