Discover Crypto Bitcoin DUMPS : Oil & Inflation Exploding
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Apr 3, 2026 Markets plunged after a political speech and technical charts were dissected for signs of more downside. Bitcoin's recent daily swings and one-hour reversals were explored. Crude oil's surge, key resistance bands, and long-term weekly levels from 2008 were examined. Traders also looked at technical setups for Microsoft and Nike and how short-term RSI divergences signaled recent turnarounds.
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Bitcoin Drop Followed Existing Range Not A New Crash
- Bitcoin and broader markets dumped after Trump's speech but the move fit pre-existing range structure.
- Nick Valdez shows daily and hourly charts where price stayed inside an identified range and only nearly hit the bottom, implying the drop wasn't a fresh structural break.
Oil Rejected At Historic Parallel Resistance
- Oil spiked ~15% intraday up to near $119 but reversed off a repeating parallel resistance.
- Valdez draws a parallel channel from recent wicks and warns the clean rejection increases odds of a revisit toward ~$103 midpoint.
Prepare For Oil Pullback Toward $103
- Expect oil to potentially drop toward about $103 if the midpoint of the parallel channel is revisited.
- Use the $119 spike and the weekly resistance line as warning that bullish targets like $150 face significant speed bumps.