
ALERTE BITCOIN : LA FED PEUT TOUT FAIRE BASCULER ! ๐จ
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Today is a very important day, with the FOMC decision on interest rates. While significant surprises aren't expected, the dollar and oil are showing concerning signs, though current volatility doesn't confirm any major worries. We'll also touch on Bitcoin reaching an identified zone. Before we begin, remember that access to the "rapport code," mentorship, and VIP services is still available and free via the first link in the pinned comment. You just need to register on Wix, our new partner platform, which allows trading spot and futures without KYC. Active participation on the platform in spot or futures is required. Then, fill out the second link, the form, to get your access. After submitting your Wix UID and email, you'll receive a Discord link. Join the Discord, go to the "inscription" channel, and use the command `/AF affiliation Wix` to link your Wix account to Discord. Active users will unlock VIP and crypto channels, as well as the market report.
Regarding the FOMC, scheduled for Wednesday, April 29th, no rate cuts are anticipated. This is Jerome Powell's last speech, so even if he expresses unconventional views, they won't be immediately actionable. He's expected to discuss inflation and the economy, likely echoing previous statements. The market anticipates a 0% probability of rate hikes this year and only a 13% chance of cuts. This decreased probability of cuts is linked to rising oil prices. For today, the market has priced in 0% probability for both rate hikes and cuts, making it a non-event.
The focus now shifts to oil. It appears to be consolidating within an identified range. After a liquidity grab, which might have signaled a bottom, oil is now working through previous fair value gaps. There's a potential gap to fill around $105, but this isn't currently pressuring risk assets, suggesting a range-bound market. This situation implies the market is waiting for either a resurgence of conflict, which would likely lead to a breakout in oil and market stress, or a continued ceasefire, allowing oil to trade sideways without impacting markets.
The VIX is the key indicator to watch for market stress. Despite the oil rebound, the VIX remains in a bearish dynamic, showing no immediate signs of strength. However, this could change rapidly. A rising VIX would signal market stress, which is not yet the case. It's unlikely the VIX will spike unless oil makes new highs, which would then likely cause market jitters. Currently, oil is in an uptrend within its range, and the dollar is also showing strength, potentially targeting higher levels, though this isn't stressing the markets.
On the indices, the Nasdaq has filled its daily fair value gap, suggesting potential for further upside. The Dow Jones is consolidating, possibly accumulating before a bullish continuation. The S&P 500 has made new all-time highs and remains bullish.
Bitcoin has reached an identified zone, taking out liquidity from the last bullish candle and entering a daily fair value gap. This area is considered a reload zone for institutions. The market has reacted well, forming a potential breaker block, which is a positive signal. However, caution is advised in the short reload zone above this level, as it could lead to further downside, creating doubt and accumulation. The speaker believes the bottom is in, but vigilance is needed above the daily high before the FOMC. A retrace into yesterday's candle could signal further downside, potentially towards $74,700 or even weekly lows around $73,600-$73,000. This wouldn't alter the expectation of filling the CME gap.
On the CME, the identified zone has been approached, and a breaker block is forming. The daily high before the FOMC needs attention. The gap on the CME remains unfilled and is a Q2 target. The lack of pressure on the VIX and indices from rising oil and dollar is encouraging. The Nasdaq holding its daily fair value gap suggests potential for new highs, which is theoretically favorable for Bitcoin. If the Nasdaq breaks its fair value gap and retraces, Bitcoin would likely follow, with potential targets at $75,200 and weekly lows around $74,100 if a descending top is forming. The funding rates on Bitcoin are decreasing as prices rise, indicating spot-driven movements rather than shorting. Aggressive spot buying is evident, leading to negative funding on perpetual futures.
Ethereum has paused just before a weekly low, a zone that might be revisited later. The reaction within its fair value gap needs monitoring. If Bitcoin is rejected at its daily high and Ethereum at its fair value gap, a move to take out stops is possible. However, if Ethereum remains strong and breaks through, it suggests the gap fill remains the Q2 objective, targeting $2,660. Vigilance is advised around the FOMC due to potential volatility and traps. A cleanout of last week's