Daily Trading Analysis: A Detailed Breakdown of Market Momentum BTC 8th April 2025
The crypto market continues to wrestle with macro-driven volatility as Bitcoin fails to reclaim key technical levels and remains highly reactive to global events. Tuesday’s price action was dictated not only by technical structure but also by a double punch of impactful speeches from both Donald Trump and Fed Chair Jerome Powell, which triggered heightened market movement.
30-Minute Chart Analysis
Continuing from Monday’s breakdown, BTC was once again unable to sustain a move above 80k—further validating it as a major resistance level in the short term. As Tuesday’s session kicked off, price action resembled a falling knife, cutting through levels with little to no pause.
The heavy sell-off came right as both Trump and Powell delivered speeches, undoubtedly fueling the extreme volatility throughout the U.S. trading session. From session open to the intraday low, Bitcoin dropped 7.18%, catching many intraday traders off guard.
However, much like the sell-off seen on Sunday night into early Monday, BTC found footing in the familiar 72k–74k area of interest. This zone has repeatedly served as a critical line of defense and once again held firm, propelling BTC to a temporary high around 78k.
Despite this bounce, BTC has fallen back below the 50 EMA, leaving the market in a delicate position as traders prepare for even more volatility with an FOMC meeting and further commentary from both Powell and Trump lined up for tonight. These high-impact events can trigger large, sudden moves in either direction, making it a wise decision to reduce position sizing and widen stop losses during this period.
Daily Chart Analysis
As anticipated in yesterday’s daily breakdown, the wick from April 7’s candle has already been filled—a move we originally expected to take several days. This aggressive momentum only reinforces the market’s current bearish bias.
The 72k–74k zone continues to be the battleground for bulls and bears. Historically, this range acted as a major resistance before BTC’s explosive rally to 108k, giving it significant weight as a potential support level. So far, it has been tested twice and has held—but the more often a level is tested, the more likely it is to break.
With tonight’s FOMC and Trump speech, the fate of this level hangs in the balance. If the market interprets the news as negative—particularly around interest rate policy, inflation, or geopolitical instability—this support could collapse, triggering another wave of selling. In such conditions, fundamentals and sentiment will override technicals.
Summary
April 8 delivered another session of extreme volatility, marked by sharp sell-offs and major intraday reversals. BTC continues to struggle below the 80k mark while clinging to support in the 72k–74k region. With back-to-back high-impact news events scheduled, caution is essential.
Key Takeaways:
BTC rejected again at 80k resistance
Fell 7.18% during Tuesday’s session amid speeches by Trump and Powell
Found support again at 72k–74k, rallied to 78k before dropping below 50 EMA
Daily wick from April 7 fully filled, confirming bearish pressure
FOMC and Trump’s speech expected to bring more volatility—trade accordingly
Patience and risk management are key here. Let the dust settle before positioning aggressively.
