Crypto Market Outlook, April 4th
ETHUSD broke all time highs past $2,100 last week. BTCUSD lacked the momentum and traded a few thousand dollars shy of its ATH around $62,000.
ETHUSD
It’s often hard to analysis a chart when the asset in question is making ATHs. Luckily, we have the Bookmap heatmap.
Large offers are just above the high at 2100, and more are forming at 2130. Support in the form of bids are at 2000 and 1950.
BTCUSD
Last week saw the hard push for $60k absorbed by the large offers there, which have seen reformed at the level. There are also some offers protecting the level a little lower at 59500.
The momentum is to the downside at the moment, and the next target of bids is 56500.
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US Fed's Rosengren commenting that there will be tight labor market for 2 years.
Bond market signaling it's time to start tapering QE / signaling rate hikes, but Fed holding its ground.
Unemployment rates will have a big impact on market trends in long-term.
#Bookmap #trading
@bookmap_pro earlier cheeky BTD trade between food, key to me being the nice new bloods added and only one taken, also the usual rally BS we have day in day out, wide stops but that needs work ASAP - thanks to fellow pirate ?@roztom for his final frames advice & encouragements!🏴☠️
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