TMAD Crypto: What Names Look the Best?
$BTC $ETH $WGMI $HUT $IREN $COIN $CIFR $IBIT
Hi traders,
Heading into this week, market sentiment was bearish. Oil was skyrocketing and then, just before 8 p.m. ET on Tuesday, President Trump announced a two-week bilateral agreement with Iran. Markets reversed sharply. Oil crashed nearly 16% to around $94 — its biggest one-day drop since 2020 — as hopes grew for eased Strait of Hormuz disruptions.
Crypto led the risk-asset rebound. Bitcoin surged from $68,000 to $72,700 in just two hours, triggering over $595 million in liquidations (mostly shorts). Ethereum rose 6% to $2,250, while XRP and Solana each gained over 5%. The CoinDesk 20 Index climbed nearly 5%, with altcoins outperforming.
However, the optimism quickly faded. By April 9, Iran accused the other side of breaching key clauses, oil rebounded toward $97, and traffic through the Strait of Hormuz remained restricted.
Bitcoin continues to push higher but is now approaching the top of its recent range around $75,000. The trading range has tightened to roughly $65,000–$75,000, and we’re forming higher highs — which could be forming another bear flag if diplomacy stalls.Immediate strong support sits at $65,000, where significant demand and limit buy orders from those who missed the rally are clustered. However, to move higher toward $80,000, Bitcoin needs to decisively break above the $74,600–$75,000 zone.
ETHEREUM
This looks like a classic accumulation phase. In the worst case, Ethereum could still drop to $1,700 or even $1,400. However, we’re currently trading in the $1,800–$2,300 zone, with strong resistance sitting at $2,750.Let’s see if we can push higher from here. As mentioned, ETH has shown more resilience against quantum computing risks compared to other assets. If you have strong conviction in Ethereum, this is a solid phase to accumulate.That said, we’re now at the top of the channel. If we fail to break above $2,300 and then $2,750, a retest lower remains likely.
Now let’s look at some GEX, Options flow and other metrics for WGMI, HUT, IREN, CIFR, COIN and IBIT. Some of these names are looking excellent, some aren’t worth while. Let’s dig in!
