🙋‍♂️ Hi guys!

As always, at the beginning of the week we summarize and analyze the crypto market.

🕒 Last week we talked about a possible test of local lows on bitcoin, and the important 83K zone, the breakdown of which will give a move for further growth. At the end of the week bitcoin broke the 83K zone and is now trading at the resistance of 85K.

I also said that ether is unlikely to decline further due to the reduction of short positions.

And the important zone is 1.7K, for a medium-term reversal. As a result, ether got support at local lows and is now trading sideways.

Liquidation map:

Need to understand important liquidation zones where there could be acceleration in price movement.

BTC down 77K and up 89.5K

ETH down 1.5K and up 1.75K

💼 ETF Market:

Institutional market participants continued to reduce positions in both assets.

Bottom line:

* Bitcoin ETF: -706.9M USD

* Ethereum ETF: -82.5M USD

⛓️ Onchain Metrics:

There were no significant changes in metrics, all within average values.

🌐 Macroeconomics:

We should expect a resolution to the China-US tariff war, which is likely to continue this week and another throw-in will weigh on prices.

Fed intervention - an unscheduled rate cut is in question, but the Feds have said they will intervene if necessary. It should be kept in mind that the regulator has other leverage besides rate cuts. Powell is expected to speak on Wednesday, there may be a change in rhetoric.

🧮 Statistics

April 16 - Retail Sales.

April 17 - Unemployment benefits.

💡 Forecast:

* BTC:

The 85K zone is currently local resistance, if broken, a move to the 90-92K zone is likely, where there is an upper boundary of consolidation and significant supply is located.

Supports 83-80-75K.

The instrument is trading in a local uptrend, the priority of longing remains.

* ETH:

The zone of 1.7-1.75K is a resistance at the breakdown of which a rebound to the zone of 1.9-2K is probable.

Supports 1.5-1.4K. If the breakdown is confirmed, the priority is Long.