The DecenTrader Alpha

by decentrader · April 25, 2024

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GM. Bitcoin price action remains choppy between Sniper support and resistance levels. US spot Bitcoin ETF’s continue to see daily net outflows as launch euphoria dies down.

Past 24hr performance

What Just Happened

What’s Happening Now

Bitcoin is down -3.54% in the past 24hrs at a current price of $64,360. So far this year Bitcoin is up +52.21%.

Ethereum is down -2.7% in the past 24hrs, retracing less than Bitcoin and Solana, which is down -6.57%.

Bitcoin Predator Thermal Vision is choppy across timeframes, though the 3-day is red indicating that the longer-term trend remains bearish.

Ethereum Predator Thermal Vision is slightly more bullish on lower timeframes, but is also red on the 3-day timeframe.

Key Sniper Support Levels

Bitcoin price is currently bouncing between Sniper support and resistance levels.

Resistance is at $68,500.

Key Sniper support levels on daily timeframe:

  • $63,140

  • $59,750

  • $51,600

Below those levels is the 200-day moving average which is climbing and currently at $48,300

You can access the Sniper tool here.


What’s Next

Mid-Term Trend Outlook: 

3-Day Predator remains red on the latest candle.

You can access Predator here.

Macro Calendar Key Events For This Week:

  • Wednesday 25 April: USA: Fed Interest Rate Decision.
  • Thursday 26 April: USA: Initial Jobless Claims.
  • Friday 27 April: USA: Nonfarm Payrolls.

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