Important events for the crypto market on April 30 from the economic calendar.

All macroeconomics is already out.

Chinese data (Manufacturing Business Activity Index (PMI) and Non-Manufacturing Business Activity Index (PMI)) are within the forecast.

EU data are generally better than forecast. The European consumer price index is within the forecast (the base one is slightly higher than the forecast), GDP is better than the forecast, which resonates with the weak data in the US last week. We can expect a short-term decline in the US Dollar Index #DXY. Which has an inverse correlation with the crypto market (which is now, locally, broken due to the narrative of spot Bitcoin ETFs and halving). Data on US weekly crude oil inventories according to the American Petroleum Institute (API) probably won't lead to volatility this time.

In general, if we talk about DXY, we are not changing our forecast of April 18 and are waiting for the development of PG&P to the area of ​​109. Moreover, the entire growth of the index since the end of December 2023 can also be considered as a five-wave structure, where the last fifth wave of growth is expected . The upward trend in#DXYis still in force for us as long as the index is above the global upward trend that has been going on since May 2021 (indicated by a dotted line). Or at least - until we work out the impulse of the pattern and/or see the “Expensive” signal on the weekly TF from the trend reversal indicator.

Potentially important quarterly reports for the crypto market today are #PayPal, #Amazon, #AMD.

We also remember that today is the day the verdict of the American court was announced in the case of ex-CEO#BinanceChangpeng Zhao (the exact time is unknown). We can see volatility in the market in the moment. BUT we do not expect this event to become a turning point for the crypto market charts.