The cryptocurrency market continues to operate in its own little world. We’re seeing similar trends with Bitcoin, but it’s not pulling back much. So keep holding onto your Bitcoin. There’s no need to sell right now. Ethereum is trading below resistance, but there’s no need to sell—keep holding. Keep holding onto your XRP as well. I just don’t recommend making any new purchases.$BTC $ETH $XRP #IranHormuzCryptoFees
Brent crude is up today. Brent crude is a topic that has the entire market’s attention. After yesterday’s declines, it has recovered some ground and reached the 99 level. I think it could rise a bit further to the 101–102 range because, despite the ceasefire being declared, not much has actually changed on the ground.
Cryptocurrencies are continuing in their own world. I don’t recommend buying Bitcoin, Ethereum, or XRP in the current environment. If the Nasdaq goes up, these could also start rising again, but it’s not clear. We need to monitor the situation for a few days.
Bitcoin has been trading sideways in the $76,000–$77,000 range since February. This sideways trend could break. Around April 16–17, this area might weaken, and an upward move could begin. But I can’t say we should buy Bitcoin today. A weak point doesn’t always mean an uptrend; sometimes it can accelerate the decline. $BTC
Cryptocurrencies and Precious Metals Cryptocurrencies are not looking good yet, so I do not recommend buying them. Bitcoin has not crossed the moving average, while Ethereum and XRP have not even approached that level.
On the precious metals side, I'm tracking Japan's 10-year bond yields as a leading indicator for gold. The decline there should be reflected in gold, but right now the market is completely focused on the question, “Will Iran be attacked this weekend?” If there is no tension, I expect gold to find its direction by following bond yields. It's still too early for new purchases in silver. Platinum currently appears to be the weakest link in the chain; caution is advised if the 2,000 level is broken. Additionally, the dollar index's return to an upward trend is creating negative pressure on precious metals. $BTC $ETH #StrategyBTCPurchase
The situation with cryptocurrencies is still not good. Bitcoin is trying to stabilize between the 71,000 resistance and 65,000 support levels, but it has not yet stabilized. The situation is similar for Ethereum and XRP; I do not see a buy-sell opportunity between these levels.
Moving on to gold and silver; gold rose yesterday on expectations of war, but I don't recommend new purchases unless it closes above 5,100. We are in a period of low demand due to the Chinese holiday. The 80 resistance level is also critical for silver; we know that silver falls faster than gold when gold retreats. Moving averages continue to act as resistance for platinum, and I remain cautious there as well.$#StrategyBTCPurchase $$BTC $ETH