BTCUSD In anticipation of April 2

7 days ago

The Fear and Greed Index is now at 34 - fear

Everyone is afraid of the announcement of new tariffs, more uncertainty, and consequently - the fall on this. I can say with 100% accuracy that there will be volatility.

Uncertainty is the root of all problems. How can you plan anything. If you don't know what tomorrow. That's why markets react with “weakness”.

My opinion is as follows - the market is already pricing in future negative announcements. Everyone is in shorts, hedging their positions and afraid of “April 2”.

It will be interesting to see what will be presented to us. But I am inclined to believe that it will be more positive event than negative. Even if it is negative. My fantasy wants to hear something like, “I've negotiated favorable terms, and I'm canceling the tariffs.” But we are unlikely to hear such rhetoric. And even in the event of negativity, we'll unlikely drop much. Who's going to get squeezed on price? The sellers are already exhausted.

On sentiment, we are below FTX times. That's a good sign.

The month closed neutral (with a minus), and such candles often form a ridge; the high is 95000, and the low is 76606.

On the chart, everything is within the bounds of decent. And the fact that we held 81134 the other day is a good sign. The bears failed to sell the local structural low.

Resistance is 91-92k
Support - 81-82
The next target is 90-92k

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News

Last week, total net outflows of spot BTC-ETFs totaled ~$196 million. Total net outflows of spot ETH-ETFs totaled ~$8 million

Over the last 24 hours, contracts liquidated for ~$325 million, of which longs liquidated for ~$203 million and shorts for ~$122 million

ETH/BTC exchange rate falls to a five-year low of 0.02193 - first time since May 2020

Ethereum completes worst first quarter since 2018

Circle is set to file for an IPO with the SEC as early as late April

Mile Sailor (Strategy) has bought another 22,048 BTC. Purchase price: ~$86,969

Miner MARA Holdings is planning a $2 billion stock offering to buy BTC

Metaplanet announced a 2 billion yen common bond issue to buy more BTC

Musk says federal agency DOGE has no plans to use Dogecoin

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Best Regards EXCAVO

6 days ago

Note

EXCAVO

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EXCAVO