Last week, Bitcoin (BTC) began to show early separate signs in the US stock market. Bitcoin was relatively flat over a week and S & P 500 increased 9%. Following US President Donald Trump’s announcement of global tariffs on April 2, the sale was triggered, and it was expanded on April 4 as China retaliated with new tariffs on US products. Even the gold was spared and fell 1.9% over the week.
The founder of Alpine Fox, Mike Alfred, emphasized in the post that Gold Bull Market was optimistic to Bitcoin in X’s post. During the previous cycle, gold led Bitcoin for a while, but eventually Bitcoin grew 10 times more than gold. He added that it would not be different this time.
Encryption market data every day. source: Coin 360
The short -term performance of Bitcoin is a encouraging signal, but the boss must be careful until it is more clarity on the macroeconomic front. If the US stock market witnesses another sales round, the cryptocurrency market can also pressure.
A small number of Altcoin has strengths on the chart, but it can be a better strategy to wait for the entire emotion to change before jumping. What is higher cryptocurrency if Bitcoin goes beyond immediate resistance?
Bitcoin price analysis
Bitcoin Bulls could not push the price on the resistance line, but there was no basis for the bear. This suggests that the bull maintained pressure.
BTC/USDT daily chart. Source: COINTELEGRAPH/TradingView
The 20 -day index moving average ($ 84,241) is flat, and the relative strength index (RSI) is just below the middle point and has a balance between supply and demand.
This advantage is in favor of the bull in the break and closes on the resistance line. There is a resistance for $ 89,000, but if the level is turned off, the BTC/USDT pair can go up to $ 100,000.
$ 80,000 is an important support to be careful in the disadvantages. If this level is cracked, the pair may drop to $ 76,606 and then drop to $ 73,777.
BTC/USDT 4 hours chart. Source: COINTELEGRAPH/TradingView
This pair has been integrated from $ 81,000 to $ 88,500. The moving average of the four -hour chart is slightly reduced, and the RSI is just below the middle point, and in the short term, it will announce the continuation of the range of bounds.
If the buyer extracts the price for more than $ 85,000, the pair will be rally at $ 88,500. This level can attract the seller, but if Bulls prioritizes, the pair can move to $ 95,000.
If the price drops below $ 81,000 to $ 80,000, the bear returns to the driver’s seat. Then the pair can be thrown away at $ 76,606.
PI network price analysis
The PI Network (PI) has been strong since it was topped for $ 3 on February 26. The April 5 relief rally shows the first sign of the purchase at a lower level.
PI/USDT daily chart. Source: COINTELEGRAPH/TradingView
Recovery is expected to be sold in EMA (0.85) on the 20th, which remains a major short -term level to be careful. If the PI/USDT pairs do not give up many land in EMA on the 20th, the bull is holding its position. It opens the door for meetings above the 20th EMA. Then this pair was then 50%Fibonaki and then returned to 50%of $ 1.10 and 61.8%.
The $ 0.40 level is important support in the disadvantages. Rest and less than $ 0.40 can sink pairs to $ 0.10.
PI/USDT 4 hours chart. Source: COINTELEGRAPH/TradingView
The four-hour chart shows that the bear is defending the 50 flat surface moving average, but a little benign is that the bull tries to keep the pair 20-EMA. If the price rebounds at 20-EMA, Bulls will try to kick the pair for more than $ 0.80. If you do so, you can travel to $ 1.20.
On the contrary, rest and 20-EMA rest suggests that bears have maintained pressure. Negative exercise can be picked up at a break of less than $ 0.54. Then the pair can then resume important support to $ 0.40.
OKB price analysis
The OKB (OKB) increases rapidly on April 4 and is closed over an average moving average, indicating that the bull is attempting a comeback.
OKB/USDT Maeil Chart. Source: COINTELEGRAPH/TradingView
UP moving continued and Bulls raised more than a short -term resistance to $ 54 on April 6. The OKB/USDT pairs can reach the resistance line of the lower channel, which can attract the seller. If the price drops sharply and destroys less than $ 54, the pair can vibrate inside the channel for several days.
On the other hand, if the buyer does not give up a lot of evidence in the resistance line, the possibility of rest on the channel will increase. The pair was able to go up to $ 64 and went up to $ 68.
OKB/USDT 4 hours chart. Source: COINTELEGRAPH/TradingView
The pair completes the head and shoulder patterns that are upside down during the break and close over the neckline. UP movements can be sold in the resistance line, but if the buyer supports the neckline on the way down, the possibility of rest on the resistance line will increase. If this happens, the pair can start marching towards the $ 70 pattern goal.
The seller must quickly pull the price of less than 20-EMA to defend the neckline violently and prevent the rally. The pair drops to 50-SMA and then falls to $ 45.
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Gatetoken price analysis
Gatetoke (GT) is supported by SMA ($ 22.05) for a few days, which is important to be careful.
GT/USDT daily chart. Source: COINTELEGRAPH/TradingView
The flat moving average and the RSI just below the middle point do not provide a clear advantage to the bull or bear. Rest and finishing of $ 23.18 can be raised to $ 24. This remains the main overhead resistance that bears defend.
This positive view is invalidated in the short term if the price rises and remains less than 50 days SMA. You can sink at $ 21.28 and then sink at $ 20.79.
GT/USDT 4 hours chart. Source: COINTELEGRAPH/TradingView
The pair descends from the resistance line of the descent channel pattern and sells it at the rally. The break under the moving average suggests that pairs may remain inside the channel for more time.
The buyer gives an edge in the break and closes over the resistance line. This movement suggests that the correction stage may end. This pair was $ 23.18 for $ 4.
Cosmos price analysis
Cosmos (ATOM) tries to form a floor but sells for $ 5.15. The positive amount of minor amounts for the bull is that the price is not allowed to be lower than the moving average.
Atom/USDT daily chart. Source: COINTELEGRAPH/TradingView
If the price rebounds the moving average by force, it signals deep purchases. It improves a rest forecast beyond $ 5.15. In this case, the ATOM/USDT pairs can be soaring to $ 6.50 and then increasing to $ 7.17.
On the contrary, rest and closure below the moving average suggests the formation of a short -term range of possible. The pair can swing between $ 5.15 to $ 4.15 for a while. The seller returns to the command in a slide of less than $ 4.15.
ATOM/USDT 4 hours chart. Source: COINTELEGRAPH/TradingView
Bulls and Bears are witnessing a hard battle in 20-EMA on a four-hour chart. If the price remains less than 20-EMA, the pair will fall to 50 days SMA and later fall to $ 4.15. The buyer is expected to defend the $ 4.15 level violently.
Instead, if the price is maintained above the EMA for 20 days, it shows a solid demand at a lower level. Then the bull will push the pair to $ 5.15. Close to the rest of this resistance can start a new movement.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.