Gate News message, April 28 — Bitcoin has rallied approximately 14% over the past month and is poised for a fourth consecutive weekly gain, with market focus on the $82,000 CME gap. According to QCP Capital, whether the next upside move becomes another classic bull trap or a more sustained recovery depends on whether Bitcoin can close above $82,000. If Bitcoin successfully breaks through $82,000, it could potentially rally to $90,000.
Despite ongoing geopolitical tensions, QCP Capital noted that investors are gradually re-engaging with upside exposure, with downside hedges easing compared to previous weeks. Anchored Finance founder Wenny Cai highlighted that near-term macro risks include earnings reports from five of the “Magnificent Seven” tech stocks—Microsoft, Amazon, Meta, Alphabet, and Apple—which “will be an important test of broader risk appetite,” marking the first meaningful test since the U.S.-Iran conflict escalated.
The Federal Reserve meeting is another key macro catalyst, with markets pricing in a 100% probability that rates remain in the 3.50%-3.75% range. Cai noted that Bitcoin appears “structurally sound” based on sustained ETF inflows and improving institutional participation. However, she cautioned that Bitcoin’s price action will “continue to be dominated by technicals, positioning, and news-driven volatility” until clearer macro tailwinds or regulatory clarity emerge.
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