🪙 Bitcoin: a decisive week for the market
🕯 Bitcoin is holding near local highs:
weekly close above $93,500,
successful test of the $92,000 level as support.
🗣️ In the short term, there is potential for growth up to $97,000, but the overbought stochastic RSI hints at the risk of a correction:
possible retest of $91,800,
in case of increased pressure — pullback to $88,000.
Additional volatility may be caused by macro data:
🟠 On April 30, reports on US GDP, employment, and the PCE index will be released.
🟠 Expectations for rate cuts by the Fed are met with rhetoric about maintaining a tight monetary policy.
🕯 The background is tense:
The S&P 500 is swinging by 2% almost every week — maximum volatility since 2022.
🗣️ The coming days will be critical: they could set the direction not only for Bitcoin but for the entire group of risky assets.
🗣️ Get ready: it’s getting hot in the markets again.
