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1 May 2026, 04:18

BTC Stuck at 77K Resistance After Fed Decision

Fed kept interest rates steady, BTC stuck at 77K resistance. Glassnode data shows easing of selling pressure, ETF outflows. Technical levels: S1 75.7K strong support, R1 79.4K resistance. Analysts ...

1 May 2026, 04:17

ETHFI Technical Analysis May 1, 2026: Support and Resistance Levels

ETHFI is testing the critical 0.4121$ support at the 0.41$ level, a breakdown could lead to 0.3810$. Resistances at 0.4200$ and 0.4396$ are prominent, BTC correlation will be decisive.

1 May 2026, 04:10

EUR/JPY Remains Stronger Near 184.50 After Tokyo Inflation Data: Yen Weakness Deepens

BitcoinWorld EUR/JPY Remains Stronger Near 184.50 After Tokyo Inflation Data: Yen Weakness Deepens The EUR/JPY currency pair continues to trade with a bullish bias, holding stronger near 184.50 following the release of the latest Tokyo inflation data . This movement underscores persistent yen weakness and divergent monetary policy expectations between the Eurozone and Japan. Tokyo Inflation Data: A Catalyst for Yen Weakness On Friday, Japan’s Ministry of Internal Affairs and Communications released the Tokyo Consumer Price Index (CPI) for February. The data showed a headline inflation rate of 2.8% year-on-year, slightly below the previous month’s 2.9%. Core inflation, which excludes fresh food prices, came in at 2.5%, matching expectations but still above the Bank of Japan’s (BoJ) 2% target. However, market participants interpreted the data as insufficient to prompt aggressive tightening from the BoJ. This perception reinforced the yen’s downward trajectory , as investors bet on a prolonged period of ultra-loose monetary policy in Japan. Consequently, the EUR/JPY pair gained momentum, pushing stronger near 184.50 . The Tokyo CPI is a leading indicator for national inflation trends. Therefore, the softer-than-expected print signals that price pressures may be easing across Japan. This development reduces the urgency for the BoJ to raise interest rates, further weighing on the yen. ECB Policy Divergence Fuels EUR/JPY Strength Meanwhile, the European Central Bank (ECB) maintains a more hawkish stance. ECB President Christine Lagarde recently reiterated that the fight against inflation is not yet won. Market pricing suggests a potential rate hike in the coming months, widening the interest rate differential between the Eurozone and Japan. This policy divergence is a primary driver behind the EUR/JPY pair’s resilience. As the ECB signals further tightening, the euro attracts yield-seeking capital. In contrast, the BoJ’s commitment to negative rates makes the yen less attractive. Therefore, the pair remains stronger near 184.50 , with analysts eyeing a test of the 185.00 psychological resistance level. Key Factors Supporting EUR/JPY Interest Rate Differentials: The gap between Eurozone and Japanese bond yields continues to widen, favoring the euro. Risk-On Sentiment: Global equity markets remain buoyant, reducing demand for safe-haven currencies like the yen. Trade Balance: Japan’s persistent trade deficit, driven by high energy import costs, adds structural pressure on the yen. BoJ Intervention Risk: While the BoJ has intervened in the past, the current pace of yen depreciation is not yet triggering official action. Technical Analysis: EUR/JPY Holding Above Key Support From a technical perspective, the EUR/JPY pair maintains a bullish structure. The 50-day moving average sits near 183.00, providing solid support. The Relative Strength Index (RSI) hovers around 60, indicating room for further upside before entering overbought territory. Resistance is now seen at the 185.00 round number, followed by the 2024 high of 186.50. A break above these levels could open the door for a move toward 188.00. On the downside, a close below 183.50 would signal short-term weakness, but the broader trend remains positive. Traders are closely watching the upcoming Eurozone inflation data and the BoJ’s March policy meeting. Any hawkish surprise from the BoJ could trigger a sharp reversal. However, the current consensus favors continued yen weakness . Impact on Global Forex Markets The EUR/JPY strength is part of a broader trend of yen depreciation. The USD/JPY pair also remains elevated, trading above 150.00. This has implications for global trade and capital flows. For Japanese exporters, a weaker yen boosts competitiveness abroad. However, it also raises import costs, squeezing household purchasing power. The Japanese government has expressed concern about rapid currency moves but has refrained from direct intervention so far. In the Eurozone, a stronger euro helps contain import inflation but may weigh on export growth. The ECB’s policy path will be crucial in determining whether the euro can sustain its gains against the yen. Expert Perspectives Market analysts at major investment banks remain cautiously bullish on EUR/JPY . A strategist at a leading European bank noted that the pair could test 185.50 in the coming weeks if the Tokyo inflation data continues to undershoot expectations. Another analyst highlighted that the BoJ’s yield curve control policy, while flexible, still caps long-term yields, making the yen vulnerable. However, some experts warn of intervention risks. If the yen weakens too quickly, the BoJ and Ministry of Finance may step in to stabilize the currency. Such action could cause a sharp, short-term pullback in EUR/JPY . Timeline of Key Events Date Event Impact on EUR/JPY February 2025 Tokyo CPI release Yen weakens, EUR/JPY rises to 184.50 March 2025 BoJ policy meeting Potential for hawkish shift March 2025 ECB monetary policy decision Rate hike could boost euro further Conclusion In summary, the EUR/JPY pair remains stronger near 184.50 as Tokyo inflation data reinforces expectations of prolonged BoJ accommodation. The divergence between ECB hawkishness and BoJ dovishness continues to drive the pair higher. While intervention risks and technical resistance exist, the underlying trend favors further euro gains. Traders should monitor upcoming central bank meetings for potential shifts in policy direction. FAQs Q1: Why did EUR/JPY strengthen after Tokyo inflation data? A1: The Tokyo inflation data came in softer than expected, reducing pressure on the Bank of Japan to tighten policy. This weakened the yen and pushed EUR/JPY higher. Q2: What is the key support level for EUR/JPY? A2: The key support level is near 183.50, which aligns with the 50-day moving average. A break below this could signal short-term weakness. Q3: Could the Bank of Japan intervene to support the yen? A3: Yes, the BoJ and Ministry of Finance have a history of intervening when the yen depreciates too rapidly. However, they have not yet signaled imminent action. Q4: How does ECB policy affect EUR/JPY? A4: A hawkish ECB, signaling further rate hikes, makes the euro more attractive compared to the yen, supporting EUR/JPY upside. Q5: What is the next major resistance for EUR/JPY? A5: The next major resistance is at the 185.00 psychological level, followed by the 2024 high of 186.50. This post EUR/JPY Remains Stronger Near 184.50 After Tokyo Inflation Data: Yen Weakness Deepens first appeared on BitcoinWorld .

1 May 2026, 04:08

XRP Price Downtrend May Resume, Sellers Eye Control Again

XRP price started a recovery wave above $1.360 and $1.3620. The price is now consolidating and might aim for a fresh move if it clears $1.3830. XRP price started a recovery wave above the $1.3620 zone. The price is now trading below $1.3850 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at 1.3760 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move up if it settles above $1.3830. XRP Price Holds Support XRP price remained supported above $1.3450 and started a recovery wave, like Bitcoin and Ethereum . The price was able to climb above $1.3550 and $1.3620 to enter a short-term positive zone. There was also a move above the 23.6% Fib retracement level of the downward move from the $1.4060 swing high to the $1.3460 swing low. However, the bears are now active near the $1.3750 zone. Besides, there is a bearish trend line forming with resistance at 1.3760 on the hourly chart of the XRP/USD pair. The price is now trading below $1.3850 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $1.3830 level or the 61.8% Fib retracement level of the downward move from the $1.4060 swing high to the $1.3460 swing low. The first major resistance is near the $1.3920 level. A close above $1.3920 could send the price to $1.40. The next hurdle sits at $1.4060. A clear move above the $1.4060 resistance might send the price toward the $1.4120 resistance. Any more gains might send the price toward the $1.420 resistance. Another Drop? If XRP fails to clear the $1.3830 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.3620 level. The next major support is near the $1.350 level. If there is a downside break and a close below the $1.350 level, the price might continue to decline toward $1.3220. The next major support sits near the $1.3150 zone, below which the price could continue lower toward $1.30. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.3620 and $1.3500. Major Resistance Levels – $1.3830 and $1.3920.

1 May 2026, 04:00

Bitcoin Rejected At Key Cost Basis Zone—Is $68,000 The Next Support?

On-chain analytics firm Glassnode has highlighted how the latest Bitcoin rejection came inside a zone containing some historically important cost basis levels. Bitcoin Could Find Support At -1 SD Of The STH Realized Price Next In its latest weekly report, Glassnode has talked about a key cost basis zone that Bitcoin retested recently. The region in question involves two major on-chain metrics: the Short-Term Holder Cost Basis and True Market Mean. Related Reading: Dogecoin Surges 11%: Is This Parallel Channel Resistance Next? The first of these, the Short-Term Holder Cost Basis, measures the average acquisition price of the short-term holders (STHs), investors who purchased their Bitcoin during the past 155 days. Statistically, the longer investors hold onto their coins, the less likely they become to sell them at any point. Since the STHs represent the new entrants of the market with a relatively low holding time, they can be considered the weak side of the market. Due to their fickle nature, the STHs tend to be sensitive to retests of their cost basis. In bearish periods, this can show up as panic selling around their break-even mark, while in bullish phases they accumulate more at it. The other on-chain level of relevance here, the True Market Mean, tracks the cost basis of the active market participants. It aims to provide a break-even mark for the network as a whole. Currently, the True Market Mean is located at $78,000, while the STH Cost Basis at $79,000. Together, these two levels mark a zone that could act as resistance for the any rallies in this bearish environment. And indeed, BTC’s recent attempt at recovery hit the brakes around these levels. As Glassnode explains: This behavior is a textbook pattern in bear markets, where price approaches the breakeven level of the most price-sensitive cohort, the incentive to exit positions overwhelms incoming demand, exhausting upside momentum. With Bitcoin rejected from this zone, the next major level of interest could be a standard deviation (SD) of the STH Cost Basis. Below is a chart that maps some SDs of the metric for BTC. From the graph, it’s visible that after rejection at the STH Cost Basis, the next level is the -1 SD at $68,000. In the past, this level has often acted as a point of support. It now remains to be seen whether Bitcoin will make another attempt at the resistance zone of the True Market Mean and the STH Cost Basis or if it will have to fall back to support. Related Reading: Bitcoin $90,000 Predictions Surge Across Social Media—Contrarian Signal? BTC’s earlier rally fizzling out is also visible through the lens of STH Realized Profit. As is visible in the below chart, the STHs ramped up their profit-taking as the BTC price marched up. BTC Price Bitcoin has fallen to the $76,400 mark since its pullback. Featured image from Dall-E, chart from TradingView.com

1 May 2026, 04:00

Memecore rally stalls at $4.7 – Is M entering a distribution phase?

The rejection from the $4.7 highs and subsequent losses meant bullish conviction has been somewhat quelled in the short-term.