As April comes to a close, the market is bracing for a series of significant macroeconomic events. The monetary policy decisions of four major central banks - the Bank of Japan, the US Federal Reserve, the European Central Bank, and the Bank of England - are expected to influence market trends. Additionally, a range of key US data releases, including first-quarter GDP and March PCE inflation, will be closely watched, along with earnings reports from major companies such as Visa, Mastercard, Robinhood, and prominent tech firms. According to Markus Levin, co-founder of XYO, bitcoin is entering the week with strong momentum, but the Federal Reserve's expected decision to maintain interest rates, combined with persistent inflation, may lead to a short-term pullback to the $72,000-$74,000 range.
Levin also emphasized the importance of tech giants' earnings reports in shaping market sentiment, as well as the potential impact of US-Iran talks on oil and dollar movements.