Last week, Trump softened his rhetoric, indicating that they are considering reaching an agreement with China as soon as possible.
Additionally, with the flow of safe-haven funds slowing down, gold has struggled.
As a result, a significant amount of funds have flowed into buying BTC via ETFs.
However, now that positive news is being released, this week we mainly expect a sideways trend with minor corrections.
Due to the large number of trapped positions around $95,000,
it will take at least 2 weeks, or even longer, to break through this resistance level.
This week, several important data releases are scheduled, and if they show a cooling in inflation,
then BTC will accelerate its breakthrough.
Wednesday 20:15, US April ADP Employment Numbers
Wednesday 20:30, US GDP Data
Wednesday 22:00, US PCE Data
Friday 20:30, US Non-Farm Payroll, April Unemployment Rate
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