Daily Trading Analysis: A Detailed Breakdown of Market Momentum BTC 9th April 2025
The market continues to be heavily news-driven, with volatility playing a major role in shaping BTC’s price action. After the major selloffs and rebounds seen over the past few sessions, today’s movement was once again tied closely to geopolitical announcements. With traders on edge ahead of tomorrow’s CPI release, the market is showing signs of both strength and hesitation — a recipe for sharp moves and false breakouts.
30-Minute Analysis
Price opened the New York session ranging between 76.7k and 78.3k for the first three hours — a fairly tight consolidation zone considering the week’s prior volatility. This was short-lived, however, as a post from Donald Trump on his Truth Social account sparked a sharp rally. Trump announced a 90-day pause on tariffs, stating multiple countries were ready to negotiate, with tariff hikes targeting China to follow.
This fundamental shift ignited a 6.09% rally in just 1.5 hours, with BTC breaking out of the consolidation range aggressively. Price continued to push higher after the market close, reaching into the 83k area — a zone we’ve been watching closely as a daily resistance level.
However, once that level was hit, BTC began to retrace and has since formed a new range between 81.6k support and 82.3k resistance. This behavior suggests a possible accumulation phase, with traders awaiting further direction from tomorrow’s CPI numbers, which could heavily influence short-term momentum.
Daily Analysis
On the daily chart, BTC printed a strong bullish candle, clearly influenced by the tariff news. Technically, the move once again validated the 72–74k area of interest, which continues to act as a key support zone following its role in last year’s bull run.
With this latest bounce and bullish close, BTC has created short-term upside momentum, but with macro uncertainty still looming, it’s important to stay cautious. The CPI release during tomorrow’s NY session is expected to spark volatility across all markets — including BTC — which could lead to large moves in either direction, regardless of technical levels.
Summary
BTC remains highly reactive to global news and macroeconomic developments. After consolidating early in the session, a single fundamental catalyst caused a rapid breakout and test of a known resistance level. With BTC now holding above key intraday support but facing overhead resistance, all eyes are on tomorrow’s CPI data. Expect volatility, fakeouts, and potential trap setups as the market digests the numbers. Until then, reduced position sizing and wider stop losses are advised.
