BTC faces support test
Bitcoin trades near $71,206, testing $71,000 support with Supertrend resistance at $76,206. A breakdown could target $67,500 or the 200-week SMA at $58,000.
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BREAKING: Trump fires back after Chinese President reportedly described the U.S. as a declining nation
Trump says Chinese President was referring to the Biden era not the current administration, calling the last four years a period of “open borders, high taxes, DEI, rampant crime, and weak trade deals.”
He then claimed America is now experiencing a massive comeback under his leadership, highlighting:
Record stock markets
Strong job growth
$18T in investment commitments
Military dominance
Improving U.S. China relations
Trump also revealed Xi “congratulated” him on recent successes and said he hopes ties with China become “stronger and better than ever before.”
Global markets are now watching closely:
Will U.S. China tensions cool down or is this just the calm before another geopolitical storm
May 1 BTC & ETH ETF Net Flows: +$719.2M
🟢 BTC +$625.3M
> IBIT (BlackRock): +$284.4M
> FBTC (Fidelity): +$213.4M
> ARKB (Ark 21Shares): +$88.5M
> BITB (Bitwise): +$27.3M
> BTC (Grayscale Bitcoin Mini): +$6.2M
> HODL (VanEck): +$5.5M
🟢 ETH: +$93.9M
> FETH (Fidelity): +$49.4M
> ETHA (BlackRock): +$43.2M
> ETHW (Bitwise): +$1.3M
$BTC #BTC faces support test
what's Bitcoin next movie I think Bitcoin creating a bullish momentum. next two or three months are very important for Bitcoin Ath
#btc
BTC or Nasdaq? Smart traders in 2026 no longer choose one over the other.
Many users believe crypto and U.S. equities are two separate worlds, but data tells us: these two markets are deeply intertwined. Understanding the Nasdaq means anticipating BTC’s direction in advance.
🔗 Let the data speak: the linkage is far beyond what you imagine
This isn’t just intuition—it’s documented:
The correlation coefficient between BTC and the Nasdaq 100 reached an average of 0.52 in 2025, more than double the 0.23 recorded in 2024. In September 2025, it surged to a historic peak of 92%. Entering 2026, this correlation rebounded rapidly from -0.68 to +0.72 within just two weeks—a volatility that even seasoned traders didn’t anticipate.
BTC hit a historic high of $126,000 in October 2025, then sharply retraced as U.S. equity sentiment weakened. By mid-April 2026, BTC had declined approximately 20% year-to-date, falling from around $93,000 in early January to the current $74,000 range, amid a rise in CPI to 3.3% and the Fed’s persistent hawkish stance.
💡 Three points most retail traders overlook:
① Correlation is asymmetric—declines are more synchronized than rallies
This is the most crucial detail many miss: BTC often follows Nasdaq downward during sell-offs but frequently ignores Nasdaq’s upward moves—meaning the “fall together” linkage is far more robust than “rise together.” For retail traders, this means using the Nasdaq to anticipate downside risk is more effective than predicting upside opportunities.
② The Fed is the real market maker
BTC’s short-term price sensitivity to Fed policy and liquidity conditions now far exceeds its reaction to inflation itself. Volatility in BTC consistently spikes around every FOMC meeting (Fed interest rate decision). Monitoring the macro calendar is as essential as analyzing K-lines.
③ Nasdaq’s price structure is cleaner
Compared to BTC, which is frequently subjected to wicks and fake breakouts, Nasdaq—as one of the world’s most liquid markets—offers more stable price structures and more reliable support/resistance levels. It’s ideal for cross-verifying your entry logic, especially when BTC is range-bound and directionless.
📊 BTC’s current technical structure: descending triangle still unresolved
As shown, BTC’s price action in 2026 is unmistakable:
Descending trendline resistance: extending from the $126K high, key resistance now at $91,117
Horizontal support: $66,812 is the strongest recent support level, repeatedly holding
Current price: $78,292, trading within the battleground between support and resistance
RSI-14: ~65, in bullish territory but not yet overbought
Breaking above $76,666 resistance is critical. A valid breakout targets $91,117 next; failure to hold support signals a test of $66,812.
#btctechnicalanalysis #BTC testing support #BTC
BTC or Nasdaq? Smart traders in 2026 no longer choose one over the other.
Many users believe crypto and U.S. equities are two separate worlds, but data tells us: these two markets are deeply intertwined. Understanding the Nasdaq means anticipating BTC’s direction in advance.
🔗 Let the data speak: the linkage is far beyond what you imagine
This isn’t just intuition—it’s documented:
The correlation coefficient between BTC and the Nasdaq 100 reached an average of 0.52 in 2025, more than double the 0.23 recorded in 2024. In September 2025, it surged to a historic peak of 92%. Entering 2026, this correlation rebounded rapidly from -0.68 to +0.72 within just two weeks—a volatility that even seasoned traders didn’t anticipate.
BTC hit a historic high of $126,000 in October 2025, then sharply retraced as U.S. equity sentiment weakened. By mid-April 2026, BTC had declined approximately 20% year-to-date, falling from around $93,000 in early January to the current $74,000 range, amid a rise in CPI to 3.3% and the Fed’s persistent hawkish stance.
💡 Three points most retail traders overlook:
① Correlation is asymmetric—declines are more synchronized than rallies
This is the most crucial detail many miss: BTC often follows Nasdaq downward during sell-offs but frequently ignores Nasdaq’s upward moves—meaning the “fall together” linkage is far more robust than “rise together.” For retail traders, this means using the Nasdaq to anticipate downside risk is more effective than predicting upside opportunities.
② The Fed is the real market maker
BTC’s short-term price sensitivity to Fed policy and liquidity conditions now far exceeds its reaction to inflation itself. Volatility in BTC consistently spikes around every FOMC meeting (Fed interest rate decision). Monitoring the macro calendar is as essential as analyzing K-lines.
③ Nasdaq’s price structure is cleaner
Compared to BTC, which is frequently subjected to wicks and fake breakouts, Nasdaq—as one of the world’s most liquid markets—offers more stable price structures and more reliable support/resistance levels. It’s ideal for cross-verifying your entry logic, especially when BTC is range-bound and directionless.
📊 BTC’s current technical structure: descending triangle still unresolved
As shown, BTC’s price action in 2026 is unmistakable:
Descending trendline resistance: extending from the $126K high, key resistance now at $91,117
Horizontal support: $66,812 is the strongest recent support level, repeatedly holding
Current price: $78,292, trading within the battleground between support and resistance
RSI-14: ~65, in bullish territory but not yet overbought
Breaking above $76,666 resistance is critical. A valid breakout targets $91,117 next; failure to hold support signals a test of $66,812.
#btctechnicalanalysis #BTC testing support #BTC
$BTC 🚀 BTC Breakout Setup
📊 Support: $70466.00
🔍 Break $73145.00 = continuation
⚡ Momentum building
❌ Below support = bearish
🎯 Bias: BULLISH
#BTC faces support test #crypto #eth #web3