Last weeks high: $104,972.46
Last weeks low: $93,385.49
Midpoint: $99,178.97
Bitcoin climbs over 12% from weekly low to weekly high, an incredible achievement despite a mixed performance in Tradfi. A pattern we've seen since the $74,500 double bottom following Liberation day goes; A strong rally for a week, consolidation in a tight trading range for a week, then repeat. Should this pattern continue we should see consolidation between weekly high and $102,075 (0.75 line).
CPI & PPI take place this week on Tuesday and Thursday respectively, inflation is still a big talking point but baring a crazy print I would be surprised if these events move BTC. In the last few hours at time of writing The US has reduced tariffs on China to 30% for 90 days, China has reduced tariffs on the US down to 10%. To me this signifies the worst of the trade war narrative is behind us.
This week I will be tracking altcoins with strong fundamentals as BTC.D rolls over from its highest point since January '21, ETH has already had a strong breakout from the downtrend and with BTC at ATH levels with strong resistance this should be the time to see altcoin strength and play catch-up.
Good luck this week!
Last weeks low: $93,385.49
Midpoint: $99,178.97
Bitcoin climbs over 12% from weekly low to weekly high, an incredible achievement despite a mixed performance in Tradfi. A pattern we've seen since the $74,500 double bottom following Liberation day goes; A strong rally for a week, consolidation in a tight trading range for a week, then repeat. Should this pattern continue we should see consolidation between weekly high and $102,075 (0.75 line).
CPI & PPI take place this week on Tuesday and Thursday respectively, inflation is still a big talking point but baring a crazy print I would be surprised if these events move BTC. In the last few hours at time of writing The US has reduced tariffs on China to 30% for 90 days, China has reduced tariffs on the US down to 10%. To me this signifies the worst of the trade war narrative is behind us.
This week I will be tracking altcoins with strong fundamentals as BTC.D rolls over from its highest point since January '21, ETH has already had a strong breakout from the downtrend and with BTC at ATH levels with strong resistance this should be the time to see altcoin strength and play catch-up.
Good luck this week!
註釋
Doable sweep of the 0.75 with a reclaim each time, the bulls really can't afford to lose that level or risk a correction to $97,000 IMO. So far dips are being bought up quickly.CPI in a few hours...
註釋
CPI comes in at 2.3%Lower than expectations
註釋
Rejection off the weekly high, seems to be chopping between the predicted areas.註釋
Back at the 0.75 line again maintaining a tight range in the upper quarter. 
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