As April comes to a close, the market is bracing for a multitude of significant macroeconomic events. The interest rate policies of four major central banks - the Bank of Japan, the US Federal Reserve, the European Central Bank, and the Bank of England - are all set to be announced this week.
Additionally, a range of US data, including first-quarter GDP and March PCE inflation, will be released, along with earnings reports from major companies such as Visa, Mastercard, Robinhood, and several prominent tech firms, which could either bolster or undermine the current market sentiment. According to Markus Levin, co-founder of XYO, bitcoin is entering the week with strong momentum, but the persistent inflation and potential hawkish tone from the Fed could lead to a short-term pullback to the $72,000-$74,000 range. Levin also emphasized the importance of tech giants' earnings and the US-Iran talks in shaping market sentiment, particularly through oil and dollar movements.