Yesterday, April 9th, stock and crypto markets experienced a day of consolidation following the rally related to the two-week truce between the USA and Iran. US indices remained mixed, while Europe recorded further declines due to ongoing tensions in the Strait of Hormuz. Cryptocurrencies moved in a disjointed fashion, with Bitcoin closing at +1.01% and Ethereum virtually flat at +0.10%.
Consolidation for crypto and stock indices
The first ten days of April are seeing a generalized rise in the crypto sector, with the majority of tokens in positive territory.
Crypto Top 20 – Daily, April 10, 2026
Attached is an overview of the Top 20 since the beginning of the month. The rise of Zcash stands out, reaching +46.50% (you can read our recent analysis on privacy coins in this article). Following at a distance is Hyperliquid with a +12% gain, which remains the absolute best-performing token since the start of 2026, with an overall rally hitting +66.50%. Following in succession are Canton, Sui, and Bitcoin at +5.50%. On the negative side, Stellar remains down at -8%, followed by Bitcoin Cash and Binance Coin.
Overview of American Indices Below is the overview of the US indices, where it can be observed that prices are well above their respective key resistance areas, highlighted by the red trendlines. All three have also surpassed their relative 50-day moving averages (SMA 50).
Futures Nasdaq – S&P 500 – Dow Jones
In the current situation of geopolitical conflict, the S&P 500 is approximately 2.60% away from its ATH (All-Time High), while the Nasdaq requires growth of nearly 5% compared to its October 2025 ATH of 26,399 points. Yesterday, the tech sector experienced a slowdown. In particular, the decline of Palantir (PLTR)—down about 13% in two days—made headlines due to a new short position launched by Michael Burry, the iconic trader who identified the subprime mortgage crisis.
Future petrolio Brent – WTI del 10 aprile 2026
The only relevant piece of data from yesterday was the transit of the MSG tanker—the first non-Iranian vessel to pass after the ceasefire. Flying the flag of Gabon, it reportedly paid a toll of 2 million dollars.
Bitcoin Technical Scenario
In this phase, crypto markets, much like stock markets, are dependent on news regarding the Strait of Hormuz. Looking at the Bitcoin (BTC) chart, it is evident that the price is currently in a consolidation phase following the rally triggered three days ago by the ceasefire announcement.
Currently, BTC is trading at 71,950 USDT, recording a +0.22% at the time of writing. From a graphical perspective, it has managed to close above the 70,500 USDT resistance for two consecutive days and now aims for the 74,500 USDT level, which corresponds to the 38.2% Fibonacci retracement of the vector from the yearly high to the low. For ten days now, it has been recording a series of higher highs and higher lows, placing us within a short-term bullish leg. Another new high was recorded yesterday.
Key BTC Levels On the downside, the first support level sits in the 69,980 USDT area, while the main support is at 69,000 USDT, where it also intersects with the SMA 50. The RSI indicator is trending upward but has not yet entered overbought territory, signaling both strength and room for further growth.
