Bitcoin sees fresh US sell-off as markets await Nvidia's major earnings event

💡 DMK Insight

Bitcoin’s current struggle against US selling pressure is a critical moment for traders. With Nvidia’s Q1 earnings report looming, market sentiment is jittery, and that could lead to increased volatility in crypto assets. If Bitcoin can’t break through key resistance levels, we might see a deeper pullback, especially if institutional players decide to take profits. Watch for the $30,000 mark; a failure to hold above this level could trigger further selling. On the flip side, if Nvidia surprises to the upside, it might boost tech sentiment and provide a lift to Bitcoin as well. Keep an eye on correlated assets like Ethereum, as they often follow Bitcoin’s lead in these scenarios. The next few days are crucial—traders should monitor the reaction to Nvidia’s earnings closely, as it could set the tone for the rest of the week.