The data shows several important trends:
Current Volatility Situation: Bitcoin's 21-day rolling volatility (Image 1) has been below average recently, reaching levels around 0.007-0.008, compared to the average of 0.011229. This suggests a period of lower volatility than usual.
Recent Price Performance: BTC/USD (Image 2) has been in a downtrend, currently trading around $82,034, well below its average price of $93,218.84. Both 50-day and 200-day moving averages are converging, with the price below both indicators.
Market Liquidations: The liquidation map (Image 4) shows significant short position liquidations have occurred at various price levels, with current price around 82034.
Economic Context: Upcoming economic events (Image 3) could impact Bitcoin price, especially the Fed Chair Powell speech on Friday and the stronger-than-expected Non-Farm Payrolls (151K vs 80K consensus).
Daily Forecast for This Week:
Tuesday, April 1, 2025: $81,200
The ISM Manufacturing PMI matches previous readings, suggesting economic stability, but Bitcoin appears to be in a short-term bearish trend. Expect slight continued downward pressure.
Wednesday, April 2, 2025: $80,500
Without major economic releases, technical factors likely dominate. The convergence of moving averages suggests continued downward pressure before potential stabilization.
Thursday, April 3, 2025: $81,300
ISM Services PMI showing improvement may provide slight positive sentiment. A small relief bounce is possible as the market digests this data and prepares for Friday's important releases.
Friday, April 4, 2025: $83,700
The stronger-than-expected Non-Farm Payrolls and Powell's speech could bring volatility. While high employment figures might typically pressure Bitcoin prices (suggesting less need for rate cuts), low volatility readings indicate the market may be ready for a directional move. Powell's speech will be critical, but the low volatility environment suggests a potential upside move is forming
Created via AI agent, this information can occasionally produce responses that are incorrect or misleading