Driven by Bitcoin hitting new highs, REZ experienced a significant surge in short-term liquidity and risk appetite. The increase in trading volume pushed the price to break through and firmly hold above $0.003878. Technically, $0.003878 acts as an important support, while $0.004343 serves as short-term resistance. Intraday volatility has intensified, and it is advised to accumulate in batches on pullbacks to key support zones. Caution is needed: if Bitcoin falls below $74,000, it may trigger widespread sell-off risks. The medium- and long-term trend depends on ongoing fundamental and on-chain capital improvements. Attention should be paid to new developments and capital inflows to assess the scope for value realization.

On April 16, Bitcoin successively broke through the $74,000 and $75,000 thresholds, significantly boosting market risk appetite. REZ saw a sharp increase in trading volume the same day, with the price surging from $0.003806 to a high of $0.004343. Short-term bullish sentiment rebounded quickly. Market buyers concentrated in the short term, following Bitcoin’s momentum and triggering a wave of continual advances in REZ.

Bitcoin has surpassed a four-week high, rising above $74,000. Analysts identify $75,000 as a critical "volatility release point," where derivative market negative gamma effects may amplify price fluctuations. This level coincides with Bitcoin's 100-day moving average, a key resistance in January. Breaking $75,000 could accelerate an uptrend, while a pullback may increase downward pressure. The $80,000–$80,600 range is a positive gamma zone with lower volatility, and the 200-day moving average at $87,519 serves as a long-term reference.

Analysis: Bitcoin breaks four-week high, key price range may intensify market volatility

From a technical perspective, REZ’s previous intraday high at $0.003878 has turned into a short-term support. After reaching a high of $0.004343 on the 16th, the price retraced but did not fall below the $0.003797 low, showing a consolidation and upward trend. At the same time, as Bitcoin approaches a critical 'volatility release point,' the negative gamma effect in the derivatives market may amplify price swings, making REZ face greater intraday volatility risk. It is advised to accumulate in batches around $0.003878 on pullbacks and watch for resistance around $0.004343.

Although Bitcoin’s breakout at high levels provided liquidity support for the entire crypto market, tightening macro liquidity and market differences on the sustainability of the uptrend remain. REZ’s current movement depends largely on its correlation with Bitcoin and major assets, lacking substantial news regarding its own project progress. If Bitcoin pulls back below $74,000, it could trigger widespread selling pressure in the secondary market. In the mid- to long-term, it is necessary to track the underlying fundamentals and on-chain activity of the project to confirm its intrinsic value growth potential.

Renzo

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

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The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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REZ price today is 0.00, with a live price change of -2.83 in the last 24 hours. Convert, buy, sell and trade REZ on Bybit-eu.

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