(It’s not easy to share your words, follow Uncle Ai)
The crypto market has its own unique charm. After all, it is still a child with unlimited possibilities, so it is more susceptible to interference from other markets. This week's non-agricultural week's volatility, Uncle Ai will analyze the crypto market from the macro market, the positive and negative correlation of the crypto market:
SPX S&P 500
SPX has been strong at the daily level for many days. After the banking incident, US stocks began to pick up and the daily level resistance was pulled back.
At the 4-hour level, the S&P index rebounded yesterday and rose slightly in the top and bottom conversion structure. During the day, pay attention to the price reaction to the upper supply area. Yesterday was Good Friday and the exchange suspended trading. Pay attention to the risks brought by insufficient liquidity. The effective support below is in the 4-hour demand area of 4034, and the effective resistance above is in the 4-hour supply area of 4094.
XAU/USDT Gold
Gold daily line shows a new supply zone of 2027, and the daily support position is 1987. (safe-haven asset)
TSLA
Tesla, the weekly line has not gone out of the downward trend, the daily supply zone supports 160.
US Dollar Index: DXY
From supply to demand, it is at a daily low. Yesterday's non-farm data showed a slight increase. The 4-hour level will only be strong if it stands firmly at 102.8.
Above we analyzed several important market data:
1. The US stock market is getting stronger and funds are returning. However, if the pressure level is touched and effectively broken through, the bull market of the US stock market will come, and the liquidity of the crypto market will be further exhausted. When the market was not active enough, BTC followed the US stock market last year.
2. Gold is the leader of safe-haven assets. During this period, BTC has risen and fallen with safe-haven assets.
3. Tesla, BTC was once classified as a U.S. technology stock, so it was positively correlated with Tesla for a long time.
4.DXY, negative correlation with the US dollar index