The 4 PM ET hour is often a focal point for Bitcoin price action, as it coincides with the closing bell of the U.S. equity markets. This specific window frequently sees a surge in volatility as institutional traders rebalance portfolios and liquidity shifts ahead of the transition to Asian trading sessions. For the April 10 session, the focus was squarely on whether Bitcoin could maintain its footing following a day of significant macroeconomic data.
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Here’s the thing: the primary driver for the day’s price action was the release of the U.S. Consumer Price Index (CPI) data earlier in the morning. While the initial reaction to the “hotter-than-expected” inflation figures led to a sharp dip across risk assets, Bitcoin showed remarkable resilience as the afternoon progressed. By the time the 4 PM ET candle opened on Binance, the initial shock had been largely absorbed, and a recovery trend was beginning to take shape.
Look closer at the specific data for the 1-hour candle starting at 4 PM ET (20:00 UTC). On the Binance BTC/USDT pair, the candle opened at approximately $69,139.99. Throughout the hour, buying pressure steadily outweighed selling interest, pushing the price toward the upper end of its intraday range. This late-session strength is a common occurrence when traders “buy the dip” after a news-driven sell-off, seeking to position themselves for the overnight session.
The most обоснованный (well-founded) candidate for this event is “Up”. The reasoning is straightforward: the Binance BTC/USDT 1-hour candle that began at 4 PM ET closed at $69,561.01. Since the close price ($69,561.01) is clearly greater than the open price ($69,139.99), the criteria for an upward resolution are fully met. The recovery was supported by a stabilization in spot ETF flows and a general cooling of the morning’s panic selling.
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In contrast, the “Down” candidate failed to gain traction during this specific window. While the broader daily trend had been under pressure due to the CPI report, the 4 PM ET hour specifically captured a period of consolidation and slight reversal. For “Down” to have been the outcome, the price would have needed to break below the $69,140 support level and stay there, which did not happen as the hourly momentum shifted back to the bulls.
From a data perspective, the consensus is effectively settled, with an assessment showing a 99.95% probability for the “Up” outcome. The total volume for this specific event reached over 164,868, and liquidity remains robust at approximately 694,529. These figures, combined with the finalized price data from Binance, indicate that the result is no longer a matter of speculation but a reflection of the recorded price action.
Read more Bitcoin Up or Down — April 10, 11AM ET
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