Bitcoin (Btc) cooled a 7% rebound after the open March 11 Wall Street while familiar headwinds sparked jitters on the market.
BTC/USD 1-Hour chart. Source: Cointelegraph/TradingView
Bitcoin, stocks are infested with fresh tariffs letdowns
Data from Cointelegraph Markets Pro and Tradingview BTC/USD followed as it touched locals high $ 82,154 on Bitstamp before integration.
The US job opening data Relief-asset relief.
The S&P 500 thus exchanged 0.5% during the day at the time of writing, while stock indexes continued to see volatility.
“The S&P 500 is up +5% at this point in Trump’s first term. Instead, it has dropped -7% since January 20th,” Kobeissi Letter trade resource noticed In part of a reaction to X.
“A polar opposite the start on his term to this day.”
S&P 500 Comparison. Source: The Kobeissi/X letter
The QCP Capital trading firm added that the apparent “apathy in the risk” has become more difficult in life for risk ownership but has been recognized that some silver linings have remained.
“Despite the market chaos, not all signals are bearish,” it summarized the latest bulletin subscribers on the Telegram channel.
“This wave of sentiment at this risk pushed the 10-year-old-fashioned a result of nearly 60 bps and weakened the US dollar-a historical positive factor for risk assets at risk of USD such as US and Crypto equality.”
US Dollar Index (DXY) 1-Day Chart. Source: Cointelegraph/TradingView
The US Dollar Index (DXY) has dropped to 103.32 during the day, marked the lowest level since mid -October 2024.
BTC new prices are “possible”
Meanwhile, Bitcoin prices have seen BTC/USD at a branch in the midst of the lack of clearly reversed catalysts.
Related: Biggest red weekly candle ever: 5 things to know in bitcoin this week
The trade channel is more crypto online that used the theory of the Elliott Wave to clean up the basic supports and levels of resistance, warning that the price could still head to new long -term lows.
“Price is still not determined after opening New York. One bottom may form it, but another low is possible as long as resistance holds,” it said X followers.
“A confirmed low demand of a prolonged rest yesterday was high in 5 waves. The market, as always, was satisfied with keeping the entrepreneurs guessing.”
BTC/USD 1-Hour chart. Source: More Crypto Online/X
Meanwhile, famous businessman Crypnuevo described A “great reaction” to the 50-week simple transfer of average (SMA) around $ 75,500.
Number Cointelegraph reportedThe trendline of that support remained without a candle near it since March 2023.
BTC/USD 1-week chart with 50sma. Source: Cointelegraph/TradingView
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.
