Trade and Invest on BtcDana - A Trusted Multi-Asset Platform

DAILY MARKET NEWSLETTER 25/04/2024

2024-04-25 09:00

Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.

Nasdaq 100 (CME)‎ (M4)‎ Intraday: under pressure.

Pivot:

17700.00

Our preference:

Short positions below 17700.00 with targets at 17280.00 & 17150.00 in extension.

Alternative scenario:

Above 17700.00 look for further upside with 17795.00 & 17900.00 as targets.

Comment:

The RSI has broken down its 30 level.

Bitcoin / Dollar intraday: as long as 65420 is support look for 69570

65420 is our pivot point.

Our preference:

As long as 65420 is support look for 69570.

Alternative scenario:

The downside breakout of 65420 would call for 63810 and 62850.

Comment:

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 66676 and 66526).

Ether / Dollar intraday: the upside prevails as long as 3190 is support

Our pivot point stands at 3190.

Our preference:

The upside prevails as long as 3190 is support.

Alternative scenario:

Below 3190, expect 3107 and 3058.

Comment:

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 3243 and 3221).