BTCUSD Notice that the SP 500 futures are up 0.3%, and Bitcoin immediately reacts with the same increase. Cryptocurrencies are moving in tight correlation with the SP 500. If stocks stabilize, Bitcoin will go up. But even a slight drop in the SP will mean a total crash for Bitcoin.
BTCUSD Safe-haven yen and gold soared together, and Trump's tariff bomb caused a huge market shock
1. Currency battlefield: Japanese yen and Swiss franc became safe-haven winners The yen soared 0.74% during the day, continuing the 0.82% rise last Friday, and the US dollar fell to 148.72 against the yen. The Swiss franc also strengthened by 0.3%, and the US dollar fell to 0.8783 against the Swiss franc, forming a horn trend between the two traditional safe-haven currencies. In sharp contrast, the Australian dollar and the New Zealand dollar fell by 0.3% and 0.4% respectively, but have now recovered their losses. 2. Gold and US bonds: the last refuge for funds Gold shocked the market with three consecutive record-breaking violent trends, and once set a new record high of US$3127.76 per ounce during the session. At the same time, the 10-year US Treasury yield plummeted 6.6 basis points to 4.18%, and the US dollar index fell 0.2% in response. Merrill Lynch analysts Rousakis and Piron pointed out in an emergency report: "Full tariffs will trigger the tail risk of a market crash and may even abnormally push up the dollar in the short term." 3. Tariff doubts: The sword of Damocles for the global economy Although Trump claimed to be willing to negotiate on tariffs, The Washington Post revealed that he is pushing for a more radical stance. Although British Prime Minister Starmer had "productive" trade negotiations with Trump, and the pound rose 0.22% to $1.2958, Attrill said bluntly: "Even if the details are announced on Wednesday, market uncertainty still lingers like a ghost. " BTCUSDBTCUSDT.PBTCUSDT.PBTCUSDBTCUSDTBTCUSDBTCUSD
BTCUSD Current plan on BTC, at this time. If price does not gets rejected at that 85k-86k, it will mean that a continuation of the uptrend is happening with first TP at 96.3k.
I'm playing shorts because I do believe we are a little early for that and there is possible a last 5 waves down towards 73-76k to complete the consolidation. Aiming for the end of april to the beginning of the reversal.