Bitcoin’s next move depends less on charts, and more on macro.
Key Highlights:
• Bitcoin trading at $86,888 with a 3.4% daily gain, but volatility looms ahead.
• Key U.S. economic data releases this week could either ignite a rally or spark a risk-off retreat.
Yello ParadiseSquad, Don’t Let the Calm Fool You! Bitcoin may look stable right now, but beneath the surface, pressure is building.
With five major U.S. economic updates due this week, traders should prepare for a potentially wild ride. These aren’t just routine stats, they’re the kind of data that move markets, shape Fed policy expectations, and stir up volatility in both equities and crypto.
Let’s break down what’s coming and what it could mean for your positions.
Leading Economic Index (LEI), Monday, April 21
The LEI is expected to fall another 0.5%, continuing a string of monthly drops. That’s a warning light for consumer confidence and manufacturing momentum. While a weak LEI might push investors toward safe havens like bonds, there’s a twist, if it sparks broader concern about the financial system, Bitcoin could benefit as a digital alternative to traditional assets.
In short: watch sentiment closely. It could tilt in Bitcoin’s favor if fear intensifies.
Services PMI, Wednesday, April 23
Last month’s reading came in hot at 54.4. If this week shows another strong number, the U.S. dollar will likely remain strong, and that could weigh on BTC. Why? Because a firm dollar reduces the appeal of alternative assets like crypto, and it reinforces the idea that rate cuts aren’t coming anytime soon.
Stay alert: a bullish PMI print could mean short-term pressure on Bitcoin.
Manufacturing PMI, Also Wednesday, April 23
This is where things might turn. U.S. manufacturing has been struggling. If the data reveals deeper contraction, investors may take it as a red flag for broader economic health. Risk assets like crypto could see outflows, unless the narrative flips and traders start pricing in potential Fed cuts.
Result? Expect volatility, and potentially fakeout rallies followed by sharp reversals.
Initial Jobless Claims, Thursday, April 24
Labor data always moves markets. A surprise jump in jobless claims could set off recession alarms and lead to a defensive shift, hurting Bitcoin short-term. But if claims keep falling, the market could respond positively, and BTC might catch a momentum boost as confidence rebounds.
It’s a coin toss—so don’t get caught without a plan.
Consumer Sentiment, Friday, April 25
Sentiment is already near the floor. If Friday’s numbers worsen, expect reduced interest in speculative assets like crypto. But a modest rebound could be all it takes to revive short-term risk appetite, especially with Bitcoin sitting just under the $90K psychological level.
One unexpected upside surprise—and the bulls might get aggressive.
What Should You Do Now?
This is a macro-driven week, and headlines will move faster than charts. The difference between catching a breakout and falling into a bull trap will come down to understanding how these reports reshape investor psychology.
That’s exactly what we unpack every day in MCP News Private for just $3/month—from Fed signals to market reactions. If you’re not already tuning into our YouTube stream and ParadiseFamilyVIP, you’re missing the macro context that separates professional traders from emotional guessers.
The storm’s coming. Watch the data. React with precision. And trade like a Paradise pro.
