Market overview

📈 WHAT HAPPENED?

Last week, we saw an upward breakout from the consolidation phase, leading to a strong, nearly pullback-free long movement. By the end of the week, Bitcoin reached a long-term resistance level, where the momentum stalled, followed by a slight correction.

Currently, we observe weakening buying pressure, with diminishing higher highs. At the same time, there is a significant amount of market sales visible in cumulative delta, which have not resulted in any major moves. The market is in equilibrium, possibly preparing for the next impulse.

💼 WHAT WILL HAPPEN: OR NOT?

In the near term, we expect a retest of the current highs with potential false breakouts. After that, a resumption of selling pressure is possible. We will consider continuing long positions only after testing the nearest support levels.

Sell Zones:

$95,000–$96,700 (accumulated volumes)

$97,500–$98,400 (aggressive pushing volumes)

$107,000–$109,000 (volume anomalies)

Buy Zones:

$91,500–$90,000 (strong buying imbalance)

$88,100–$87,000 (market sell absorption)

$85,500–$84,000 (accumulated volumes)

$82,700–$81,400 (high volume area)

Level at $74,800

$69,000–$60,600 (accumulated volumes)

📰 IMPORTANT DATES

Macroeconomic events this week:

• April 29, Tuesday, 14:00 (UTC) — release of the US Consumer Confidence Index for April;
• April 29, Tuesday, 14:00 (UTC) — release of US JOLTS (Job Openings) data for March;
• April 30, Wednesday, 01:30 (UTC) — release of China’s Manufacturing PMI for April;
• April 30, Wednesday, 08:00 (UTC) — release of Germany’s GDP for Q1 2025;
• April 30, Wednesday, 12:00 (UTC) — release of Germany’s Consumer Price Index (CPI) for April;
• April 30, Wednesday, 12:15 (UTC) — release of US ADP Nonfarm Employment Change for April;
• April 30, Wednesday, 12:30 (UTC) — release of US GDP for Q1 2025;
• April 30, Wednesday, 14:00 (UTC) — release of US Core PCE Price Index for March, along with year-over-year comparison;
• May 1, Thursday, 03:00 (UTC) — release of Japan’s Interest Rate Decision;
• May 1, Thursday, 12:30 (UTC) — release of US Initial Jobless Claims;
• May 1, Thursday, 13:45 (UTC) — release of US Manufacturing PMI for April;
• May 1, Thursday, 14:00 (UTC) — release of US ISM Manufacturing PMI for April;
• May 2, Friday, 09:00 (UTC) — release of Eurozone Consumer Price Index (CPI) for April;
• May 2, Friday, 12:30 (UTC) — release of US Average Hourly Earnings, Nonfarm Payrolls, and Unemployment Rate for April.

*This post is not a financial recommendation. Make decisions based on your own experience.

#analytics