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According to PRO chip distribution data, over the past three days, the BTC chip structure has been changing from the previous triple-peak to the current single-peak pattern. The two price levels with the highest trading concentration are at $72,837.60 and $74,338.30, and the area of concentrated trading is gradually moving upward. Trading insight: The transformation in chip pattern usually indicates that the market has undergone sufficient rotation, and a new cost structure is forming. $74,338.30 will serve as a key support area in the near term. The chip distribution chart can effectively identify changes in market costs. Activate PRO membership to use this indicator to track chip patterns and changes for any coin and timeframe. Data is for reference only and does not constitute any investment advice.

Jinse Finance reported on April 17 that, according to CME "FedWatch", the probability of the Federal Reserve raising interest rates by 25 basis points in April is 0.5%, while the probability of keeping rates unchanged is 99.5%. The probability of the Federal Reserve cutting rates by a total of 25 basis points by June is 1.4%, keeping rates unchanged is 98%, and raising rates by a total of 25 basis points is 0.5%.

At present, the AVU-147 crude distillation unit (CDU) production line with a daily capacity of 115,000 barrels has resumed operations, but Valero is still repairing the heater of the AVU-146 CDU unit with a daily capacity of 210,000 barrels, and this production line remains shut down. During the inspection of the units after the refinery was closed due to a fire on March 23, Valero discovered that a furnace tube of the AVU-146 heater was damaged. Valero plans to restart this CDU unit after the furnace tube is repaired. (Reuters)