Global markets went risk-on despite earnings + geopolitics in the mix.
*US stocks green across the board:* 🔸Dow +1.62% → 49,652 🔸S&P 500 +1.02% → new ATH 🔸 Nasdaq +0.89% → tech + cyclicals led, marking one of April’s strongest months in years
*Earnings highlights:* 🔸Alphabet beat, AI growth strong → stock ripped 🔸Meta profit solid but -10% on heavy AI capex 🔸Microsoft + Amazon mixed → focus still on the $700B AI spending wave
*Oil volatile:* Iran fears + Strait of Hormuz risk sent Brent to $126 then back to ∼$114. Energy stocks caught a bid.
*Other notes:* Powell staying at Fed, rate path still unclear. Europe up, Asia mixed, FTSE A50 futures slightly firm.
*Take*: Earnings optimism outweighed geopolitics for now. AI hype vs inflation still key. Watch Fed + Middle East next week.
New on-chain data: Bitcoin’s inter-exchange flow pulse is up 136% from March lows, per ChainCatcher.
Analyst Axel Adler Jr. notes the 7-day MA just crossed above the 30-day MA — first time in months. That’s typically a sign traders are moving back into risk assets.
Still, one key metric hasn’t flipped yet to confirm the trend. Watching closely.
*My take*: APE just went full send. Ripped from 0.1400 to 0.1834 in a straight line with barely any pullbacks. That’s a clean 30%+ move on the 15m.
Chart looks wild — price way above all MAs. MA(7) 0.1696 is the first support to watch. Volume absolutely exploded on the way up too.
*Watching now*: - *Holding 0.1812*: If it can base here and not dump back under MA(7) 0.1696, bulls stay in control - *If it cracks*: 0.1696 MA(7) is the line. Lose that and we probably retest 0.1569 → 0.1518 MA(25) fast - *Overextended*: This vertical move usually needs to cool off. Chasing here is risky
Momentum is crazy strong but parabolic pumps can reverse just as fast. No entries without a proper retest or consolidation.
*My read*: AIXBT tried to push up twice but sellers slammed it every time it touched that MA(7)/MA(25)/MA(99) cluster around 0.0270-0.0271. Last candle dumped straight to 0.0269 after the wick rejection.
Tried to break out, got denied, now looks weak. All three MAs stacked tight overhead acting like a ceiling.
*Watching*: - *If we lose 0.0269*: Probably back to 0.0268 support, then 0.0262 24h low - *To flip bullish*: Needs a clean 15m close above 0.0271 MA(99) with volume. Until then, rallies look like sells
Volume spiked on that rejection too. Bears still in control here.
🎯 *Plan*: *Bearish While*: Under MA(7) 339.59. Any bounce to MA(7) is potential short/sell zone *Support*: 337.36 24h low must hold. 15m close under → next support 336.41 → 334 *Bull Invalidation*: Need 15m close above MA(7) 339.59 to stop bleeding. Then 347.21 MA(25) to flip bias *No Catching Knives*: Downtrend intact. Wait for MA reclaim or support reclaim with volume
ZEC in freefall mode after 356.28 rejection. 337.36 is the line — lose it and acceleration likely.