According to Cas Abbé, Bitcoin has decisively traded above two key resistance levels: the 111SMA at $91,300 and the short-term holder realized price at $93,200. This technical breakout is significant for traders, as similar price action in October 2024—following a three-month downtrend—marked the beginning of a bullish reversal. These levels are now viewed as strong support, providing a favorable risk-reward setup for both short-term and swing traders. Traders are closely monitoring for sustained price action above these markers to confirm trend continuation (source: Cas Abbé on Twitter, May 1, 2025).

According to Kekalf, The Vawlent's recent tweet, the mood in the NFT market reflects a mixed sentiment, which could influence the trading strategies of investors. The image shared suggests a cautious yet opportunistic approach, highlighting the importance of market timing and trend analysis in NFT investments. Traders should monitor these sentiment indicators closely to make informed decisions.

According to Michaël van de Poppe, Bitcoin is currently experiencing downward momentum, characterized by a trend of lower highs and lower lows. The analysis indicates a potential test at the current lows before any potential reversal. This suggests traders should remain cautious and consider the ongoing bearish trend when making decisions. [Source: Michaël van de Poppe on Twitter]

According to Mihir (@RhythmicAnalyst), the M-Club indicator for BTC charts uses labeled candles to clearly display trends and stages, alongside trend-specific support levels. The upper bound is marked by blue and green rays, while the lower bound is indicated by red rays, offering a straightforward method for traders to analyze market movements.

According to Reetika (@ReetikaTrades), Bitcoin ($BTC) has re-entered its weekly trend, suggesting potential for continued price movement along this established pattern. This re-entry is significant for traders monitoring Bitcoin's adherence to long-term trends, as it may influence trading strategies focused on trend-following. Reetika's analysis highlights the importance of trend analysis in evaluating Bitcoin's market dynamics.

According to Mihir (@RhythmicAnalyst), using a quality indicator on the BTC 1W timeframe can objectively view price action and trend without bias. Key support levels and probable resistance levels are noted, important for traders to determine entry and exit points. BTC's trend is considered to weaken if it falls below certain levels, vital information for risk management.

According to Mihir (@RhythmicAnalyst), Ethereum (ETH) has once again bounced off the green line, indicating a strong technical move. The analysis emphasizes the importance of the closing price as a reliable metric for trend analysis, rather than intra-week highs or lows. This insight is crucial for traders focusing on Ethereum's price movements.

According to Mihir (@RhythmicAnalyst), the DXY (Dollar Index) 1D trend remains upward, which has implications for cryptocurrency markets. The recent correction in the dollar index is seen as positive for crypto assets. However, Mihir notes that crypto trading algorithms likely require a confirmed breakdown of this DXY trend to trigger significant trading actions.