🚨 SPX Ready For NEW Highs & Bitcoin’s Setup In April

The market is sending clear signals. SPX, also known as the S&P 500 financial index, is on the verge of breaking historical records. Bitcoin shows a powerful setup for new moves in April.

This isn’t just about small gains. It’s about a market shift that could define the next few months. Leading crypto analyst Krown reveals why traditional markets are driving this charge. He explains how to prepare your portfolio.

Traditional Markets Lead the Charge

Traditional markets, especially the SPX, are currently the most exciting to watch. SPY, the S&P 500 ETF, reclaimed a key level at 6814. This was a very important moment for the market.

It means the current rally is not just a passing phase. It’s a true reversal. Prices should now climb back to previous highs, and even set new all-time records.

We are very close to breaking these records right now. A previous all-time high was 7043. We recently hit 7040.25. The market is knocking on the door of new highs.

A Bullish Blueprint for Q2

Expect new highs not just in April, but possibly in May and June too. Krown sees this next quarter as strongly bullish.

He reminds us to look at the quarterly charts. When the quarterly chart trends above the red 5-period Exponential Moving Average (EMA), it signals an ongoing trend. It means it’s not wise to bet against it.

Many smart-sounding people talk about economic collapse. But Krown says these people will be surprised. The stock market often acts differently than the economy itself. It reflects future confidence. And right now, confidence is looking good.

Price is the most important signal, Krown states. People who listen to stories instead of price often get left behind. The long-term trend on major assets points upwards. It’s about following the price, not the narratives.

Krown expects the SPX to eventually reach around 7700, and possibly even up to 8000 this year. The trend is your friend, and it’s heading up.

Key Signals to Watch

Krown points to several technical signs that support this bullish outlook. These indicators help to confirm the market’s direction and strength.

• Hidden Bullish Divergence on RSI: Even with current strength, the Relative Strength Index (RSI) shows underlying power. This suggests more upside is likely.
• RSI Retesting Previous Highs: The RSI is already pushing back up to levels seen at previous market peaks. This indicates strong momentum is building.
• Rising Volatility: Expect market swings to get bigger. Krown anticipates volatility surpassing the 80th percentile. Big moves are often followed by bigger moves.
• Weekly MACD Bullish Divergence: The Moving Average Convergence Divergence (MACD) indicator on the weekly chart shows a rare bullish divergence. This hasn’t happened since August 2022.
• Weekly Stochastic Momentum: Weekly stochastic momentum is moving out of the bearish zone. This further confirms a shift towards a more positive trend.

These signals show a strong technical base. They point to continued upward movement. However, short-term pullbacks are always possible after retesting previous highs. This is normal market behavior.

What This Means for You

The market’s current setup offers opportunities. But understanding the dynamics is key. Here’s what Krown advises:

Actionable moves to consider:

• Embrace the Trend: Focus on assets that are already showing strong upward trends. Don’t fight the market.
• Prepare for Short-Term Pullbacks: After hitting new highs, a temporary dip is likely. Use these as buying opportunities.
• Focus on Quality Assets: Many stocks and cryptocurrencies are already making new all-time highs. Look to these strong performers.
• Educate Yourself: Use free resources like the SmartWatch PDF to understand chart patterns. Build your knowledge base.
• Learn Options Trading: Options offer flexibility and can generate profits even if your direction call is slightly off. Check out the free Options 101 playlist.
• Use Trading Tools: Professional dashboards with AI agents and back-testers can help you manage trades. Use tools like Central Command (free in description below the video).

Positioning correctly now can make a significant difference. Staying ahead means understanding these market forces.

Bitcoin’s Next Move

Bitcoin is showing a similar pattern to traditional markets. It’s retesting its previous March high. This suggests a short-term pullback is due, which is exactly what the market is getting.

Bitcoin was trading above $75,000 yesterday, now it’s around $73,500. Krown’s analysis remains consistent: as long as Bitcoin stays above $70,000, the outlook is bullish. This pullback is simply leading to another **higher low**.

A key trigger for Bitcoin will be a daily close above its March high of $76,000. If this happens, Krown expects a significant rally, potentially towards $80,000.

Risks and Timing Considerations

Even with a bullish outlook, caution is always advised. Every retest of a previous high usually brings a short-term pullback. This is normal and expected.

Daily RSI and volatility are also at high levels. This further suggests a temporary pause or dip is likely. Expect the daily RSI to cool off to around 50-55 before the next major upward move.

Bitcoin remains in a broad range, generally between $60,000 and $80,000 for now. While more upside is expected, this range-bound behavior means not every move will be a breakout to infinity.

Krown emphasizes patience. He is looking to sell call spreads when Bitcoin rallies closer to $80,000, specifically in the $82,000 to $85,000 range. This means he expects a rejection at that higher level, leading to a temporary downward move.

The Window Is Narrowing

The market is setting up for something big in Q2. Both traditional stocks and Bitcoin are showing strong signals for significant gains. The time to understand these trends and position your portfolio is now, not later.

If you’re not paying attention, you risk being left behind. The opportunity for growth is clear. Are you ready to seize it?

Watch the full analysis from Krown here: 🚨 SPX Ready For NEW Highs & Bitcoin’s Setup In April

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