Bitcoin (BTC) Repeated earlier in the fluctuations on April 1, Wall Street, as the American experimental conversation preserved nerve markets.
BTC/USD 1 hour graph. Source: CointeleGRAPH/TradingView
Bitcoin remains wrong before definitions
Data from Cointelegraph Markets Pro and Tradingvief BTC/USD showed rapid movements in the weekly trading range of about $ 83,000.
American stocks decreased in the open, while gold came out of its highest levels at all $ 3,149 an ounce.
Talking about the recession began to return to the spotlight in front of US President Donald Trump, the so -called “liberation day”, scheduled for April 2, promised to reveal a new round of commercial tariffs.
“It is clear that stock markets are pricing in stagnation: S&P 500 has decreased by -2 % since the Federal Reserve Discounts in September 2024”, Kobeissi commercial resources books in part of x subject On the topic.
Copsy pointed to the reduction of the Federal Reserve of Financial Policy in the form of interest rates – something now on a temporary stop but the markets See the appeal in JuneFor every data from the CME group Fedwatch tool.
The possibilities of the target possibility of FORC meeting on June 18. Source: CME Group
While this will be a clear upscale incentive for encryption and risk assets, Kopesi noted that history did not prefer a rebound in strong stocks under similar circumstances.
“In the case of price cuts during stagnation, the S&P 500 decreased by -6 % in 6 months -10 % within 12 months,” continued.
“The average return after the post -stock period is +1 % in 6 months.”
S& p 500 performance comparison. Source: Kobeissi/X Message
The qCP Capital has likened to the general scene of the market thanks to the macroeconomic powers.
“With the consumer’s confidence in a 12-year decrease and stock markets that have already been rocked by 4-5 % weekly clouds, the timing cannot be worse,” he wrote about the customs tariff in its latest inception to Telegram subscribers.
“There is a real danger that a wide and aggressive system can deepen the recession fears and send the origins of escalating risks. However, the political theater often leaves room for re -calibration. It may provide more soft expulsion than expected short markets.”
BTC Labor rates go to the main resistance
Thus, the BTC Price Works Works left the market monitors keen on stronger signs of momentum, even as basic support at $ 80,000 installed.
Related to: Bitcoin sellers “dried” with weekly exchange flows near the lowest two -year level
“Some of the bullish momentum today, but it is still just a step of 3 waves, and the resistance is strong.” summary around Elliot wave Planning the graph for 30 minutes, adding that “the assembly has more to prove it.”
BTC/USD chart for 30 minutes. Source: More online encryption/x
The famous trader Jelle BTC/USD has noticed the average simple movement for 50 weeks (SMA), currently at $ 76,600, as support.
Bitcoin, is hopeHe will regain $ 84,500 with her next leg pass, after she refused there earlier today.
BTC/USD scheme for a week with 50sma. Source: CointeleGRAPH/TradingView
Meanwhile, QCP has shared positive news from investors looking for a potential higher levels to come after that.
“On our office, the activity was a bullish deviant to Asia Open.”
“Buyers were seen consuming exposure from top along with (85 thousand dollars-90 thousand dollars) and selling the risk of the negative side (75 thousand dollars), a possible bet on a more stable start to the Q2.”
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
publish_date
