Source: The Kobeissi Letter/XBitcoin thus adopted the middle ground between major assets on the day as gold dropped precipitously to $3,208 per ounce, nearing month-to-date lows.“BTC Swept most nearby liquidity above after chopping around the $103K-$105K area for a few days,” popular trader Daan Crypto Trades told X followers alongside a chart of exchange order book liquidity from monitoring resource CoinGlass. “Below keep an eye on the ~$102K region as that's a pretty dense area in terms of liquidation clusters.
Source: Cointelegraph/TradingView“The last time US tariffs on China were this high, the S&P 500 was ~200 points lower, 4 Fed rate cuts were expected in 2025, and Wall Street was calling for a recession,” trading resource The Kobeissi Letter wrote in part of ongoing analysis on X. “Sentiment is everything.”US tariffs on China.
Currently at $80,300, the 50-week EMA has functioned as a springboard for new all-time highs in recent years.“We got the 1W50EMA retest and, consequently, the next leg up,” CrypNuevo explained in an X thread on May 11. “Every previous time that we saw this structure, we made a new high so the trend signals a new ATH in the making.”BTC/USDT 1-week chart with 50 EMA.
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Author / Journalist: Cointelegraph by William Suberg
The story "Bitcoin all-time high cues come as US-China deal sends DXY to 1-month high" has 466 words across 18 sentences, which will take approximately 2 - 4 minutes for the average person to read.
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