Bitcoin (Btc) Gained 3% on May 1 as a new moon saw shorts struggle to maintain the PINP price.
The shorts of bitcoin pressure after 3% day -day acquired
Data from Cointelegraph Markets Pro and Tradingview BTC/USD showed up to $ 96,955 on Bitstamp, the highest since Feb. 22.
Especially close to six numbers, Bitcoin rose in US stocks at Wall Street Open as Microsoft gained 10% to be the highest valued public company in the world.
Recreation, popular businessman Daan Crypto Trades suggested that stocks may be at the cusp of a return to long -standing trajectory.
“Stocks are trading in a major place here,” he wrote at Continued examination of X..
“I think the general rule is that if the stocks are returned to the top of the .618 Fibonacci retracement after a large collapse, the bottom is considered to be in.”
An accompanying chart showed S&P 500 approaching the monthly high, delivering a V-shaped recovery.
“Although the $ BTC has been held better recently, large motions by equality should still influence BTC & Crypto. So watch this zone,” added Crypto Trades.
Businessman Skew has watched the Exchange Order Book Liquidity for signs of short -term moves to come.
$ Btc
Who will be right at this time?Longs or shorts pic.twitter.com/4xsu86wzsq
– skew δ (@52kskew) May 1, 2025
The latest data from the resource tracking Coinglass Showing the inquiry of liquidity around $ 97,000 at the time of writing.
Analyst in Macro Photo: “Short term: bad for gold”
Optimistic may open meanwhile to come across a macroeconomic view that remains unsure as the fears of retreating are back behind the poor US GDP data.
Related: Bitcoin’s eyes get Macro data makes us a 2025 ‘base case’
With the federal reserve under pressure to cute interest ratesVarious commentators in the crypto market have seen the opportunity for a stronger return in the coming months.
“Macroeconomic’s bad data went along, with the pressure on the fed rising to start the money printer again,” Crypto businessman, analyst and businessman Michaël van de poppe said X Followers in part of a day’s post.
“Ultimately, good for risk assets. Short -term, bad for gold.”
The XAU/USD dropped more than 8% compared to all time highs seen in April, with oil suffering as well.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
