In our last Bitcoin Consideration before my Easter vacation, I wrote that, based on the current wave of devaluation in the US dollar, we should not rule out that Bitcoin could face a stronger push up.
► Bitcoin ISIN: XC000A2YY636 | WKN: A2YY63 | Ticker: BITCOIN
The overarching picture for Bitcoin
And in fact, there has been a real run on Risk Assets since last week, not only have US tech shares on a weekly base, but also Bitcoin was able to get more than 10%, is currently about $ 94,000/95,000.
Bitcoin chart analysis – Daily
Potential trigger for the bullishness could be a recovery on the escalation of the trade war by US President Donald Trump, but also a relief after Trump in relation to the Fed Chairman Powell, which caused an almost escape from the US dollar, since the struck rhetoric raised massive doubts about the independence of the US central bank.
Technically, I think that the short-term mode in Bitcoin seems a little overstretched on the top and at least a short-term consolidation, possibly also a short flush back under the $ 90,000 region and re-test of the $ 88,000 region.
This may also apply especially starting from the advance into that of My colleague Jeremy Krings out last Wednesday And striking concentration of limit orders between 94,000 and 96,000, resulting in a possible resistance area.
It will be exciting to see whether the US macro news, which can be published in the coming days, will provide fresh impulses in the Non-Farm Payerrolls on Friday, even if I doubt a little here, think that the appointment market with a probability of over 50% monetary solutions by 100 base points by the end Impulses for US interest rate-sensitive assets such as Bitcoin should be done.
Bitcoin chart analysis – hour
Bitcoin – Trading Setups:
Technically, the advantage is now switched to Long again with the, in my opinion, sustainable recapture of the $ 90,000/92,000 region. I would prefer a final “RUG Pull” under the $ 90,000 brand in realm for $ 88,000, whereby the strength that emerges could be interesting for long engagements again.
Long setup:
A “Long Play” would be interesting if there would be a “fast” push under the $ 90,000 mark with buyers to be eliminated in realms by $ 88,000. If a sequence of rising lows established itself, a long play with a target in the area of $ 100,000 in the coming days would be considered.
Short setup:
In my assessment, short trades are initially out of the question, in my opinion the recent Price Action suggests that the bulls have clearly recaptured the helm.
Bitcoin at the weekend, the video, 04/27/25:
https://www.youtube.com/watch?v=kgypvbyMUQO
source: XStation55 from XTB
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