Bitcoin & Macro Market Analysis - April 28th

$BTC/USDT Daily chart.

The candle bar finally made bull breakout against the yellow bear trend line. This is good.

Currently, the yellow horizontal line and the sky-blue bear trend line works as a resistance line now.

Considering the move of RSI, I am thinking that this bull move might continue for one more week before the next FOMC because RSI has not formed the bearish divergence yet.

But, to achieve this, S&P market must keep bullish or no big move for a couple of weeks from now.

For more detail:

Bitcoin & Macro Market Analysis - April 28th

$BTC/USDT Daily chart.

The candle bar finally made bull breakout against the yellow bear trend line. This is good.

Currently, the yellow horizontal line and the sky-blue bear trend line works as a resistance line now.

Considering the move of RSI, I am thinking that this bull move might continue for one more week before the next FOMC because RSI has not formed the bearish divergence yet.

But, to achieve this, S&P market must keep bullish or no big move for a couple of weeks from now.

For more detail:
https://orblabs.ventures/104451/