Key Highlights Bitcoin started a major increase above the $100,000 resistance before it faced hurdles. BTC/USD traded below a connecting bullish trend line with support at $104,000 on the 4-hour chart. Ethereum outperformed with a strong move above the $2,500 level. The US CPI could increase by 2.4% in April 2025 (YoY). Bitcoin Price Technical […]
The post Bitcoin Pullback Ahead? Why Short-Term Dip Could Fuel The Next Rally appeared first on Action Forex.
Yesterday, Hong Kong’s Hang Seng Index (Hong Kong 50 on FXOpen) climbed above the 23,600 mark, supported by progress made during US–China tariff negotiations. However, today the Hang Seng Index (HSI) has dropped towards the Read more…
Markets Substantial progress in the trade negotiations with China this weekend in Switzerland as touted by the US administration triggered an impressive reflationary move of global markets. Both US and most other core bond yields Read more…
Daily Pivots: (S1) 194.22; (P) 195.02; (R1) 196.40; More… Intraday bias in GBP/JPY remains on the upside for the moment. Current rise from 184.35 is in progress and break of 195.95 resistance will suggest that Read more…