Professional Market Update: 📊 “The crypto market has triggered liquidity on both sides, liquidating retail longs and shorts alike as price action swept stop levels.”
Casual Trading-Community: ⚡ “Market just cleaned both sides—retail longs and shorts got wiped out in every move.”
U.S. Stock Futures Dip Ahead of China Talks and Inflation Data
U.S. stock futures edged lower Sunday night as investors stayed cautious ahead of U.S.-China trade talks and key inflation data due this week. Tensions also rose due to civil unrest in Los Angeles over immigration policies, with the National Guard called in.
Markets are also watching Apple’s developer conference on Monday, which may reveal future plans amid a recent drop in its stock price. Despite last week’s gains from better-than-expected jobs data, investor sentiment remains cautious.
As of May 1, 2025, Bitcoin (BTC) is trading around $94,993, reflecting a modest upward movement.
Key Resistance and Support Levels
Resistance Zone: $88,000–$91,000
Support Targets: $68,000 to $62,000 A decisive move above $112,000 would invalidate the current corrective outlook, indicating a potential bullish trend continuation. Resistance Zone: $88,000–$91,000
Support Targets: $68,000 to $62,000 A decisive move above $112,000 would invalidate the current corrective outlook, indicating a potential bullish trend continuation. Potential Pullback Before Rally Recent analysis suggests that Bitcoin completed a five-wave rally from the $94,275 low. A three-wave pullback toward the 50–61.8% Fibonacci retracement zone, around $98,392–$97,406, is anticipated before further upside movement. Trading Strategy Insights
Wait for Confirmation: Traders are advised to wait for the completion of the corrective Wave C before entering new long positions.
Monitor Key Levels: Keep an eye on the $88,000–$91,000 resistance zone for potential reversal signals.
Risk Management: A break above $112,000 would suggest a bullish continuation, while a drop below $62,000 could indicate further downside risk.