Market summary:
Bitcoin's technical performance is good. Pay attention to the situation where the price breaks through the key resistance. If it does not break the key resistance, don't blindly look too high based on the current position.
Market data is not bad, with shrinking volume and good off-site capital inflows, and good capital sentiment.
As the U.S. stock market begins to warm up for earnings, the U.S. stock market has risen. The release of core inflation data this weekend is expected to be relatively mild. After all, the U.S. stock market needs to stabilize its emotions and protect the market.
Once Bitcoin breaks through the key resistance level, as long as it maintains a volatile sideways trend, the cottage will have more opportunities to be active. After all, with the increase in funds in the market, fund holders should be waiting for a signal of stabilization.
Once the breakthrough is invalid and falls back in the short term, there is no need to panic if 64,000 is not broken.
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The Bitcoin halving event has landed. We found that Bitcoin lacked market hype before the reduction in production. After the Bitcoin ETF was passed, the fundamentals of Bitcoin have changed. The trend of Bitcoin may depend more on the US stock market and the US economy. Therefore, the narrative and hype direction of the US stock market may affect the trend of Bitcoin.
After the US stock market experienced a setback in technology stocks last Friday, this week will usher in a wave of technology stock earnings reports. This will be the main narrative of the US stock market this week and will also be an important factor affecting the trend of Bitcoin. So this week, pay attention to the earnings release of the seven US technology giants.
This week's main timeline of earnings:
Tesla will release earnings on Tuesday, April 23, when the US stock market is closed.
Meta will release earnings on Wednesday, April 24.
Microsoft and Alphabet (Google's parent company) will release earnings on April 25.
Apple will release its earnings data on May 2.
Amazon, the specific time is currently unknown, and it is estimated to be around the end of April or the beginning of May.
Nvidia's financial report is currently scheduled for May 22.
This week's focus is on Wednesday's Meta financial report. The stock has the largest increase of 36% this year. The release of financial reports is a test for companies to experience the market, and it is also a stage for traders to adjust their valuation expectations of the company. If Meta, as the best-performing technology stock this year, fails to meet expectations, it will directly lead to a decline in traders' expectations for US technology stocks, a decline in valuations, and even a sell-off.
However, at present, with the support of international media, the financial report expectations for technology stocks should not be too bad.
In terms of US macro data, pay attention to the release of the core PCE index on Thursday and Friday this week. The index is also the core data for measuring US inflation. However, from the perspective of the recent US data gameplay, the previous hawkishness has almost scared the US stock market. It is expected that the data release this week will be relatively mild, and then the US stock market will be protected in conjunction with the financial report.
At present, the most likely major negative for the risk market is the geopolitical aspect. However, according to the current situation, unless S3 breaks out or the possibility of S3 breaking out increases, the short-term risk market should be safe. There is no need to panic, but just pay attention to risk avoidance.
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