By Bill Taylor, CEO / Digital Wealth News and AI & Finance
DISCLAIMER: The opinions expressed below are solely those of Bill Taylor & do not represent those of DWN or any affiliates. Any financial advice included here is for entertainment purposes only.
BULLISH – BITCOIN, ETH
NEUTRAL – GOLD
BEARISH – S&P 500, SILVER
4/7/26 Closing Prices:
BTC: $68,612.35 +1.2% (Tue-Tue)
ETH: $2,096.19 0% (Tue-Tue)
Gold: $4,636 +.004% (Tue-Tue)
S&P 500: 6,616.85 +1.4% (Tue-Tue)
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First off, congratulations to the University of Michigan for wiping out every other team to win the men’s NCAA Basketball championship. Well deserved.
First off 2.0, congratulations to UCLA for winning the woman’s NCAA Basketball championship. Very nice.
Well, here we are a week into April. The world (yes, the whole globe) is on pins and needles waiting for Trump’s deadline tonight at 8:00pm EST to 1) obliterate Iran or 2) become the TACO (Trump Always Chickens Out) President. THIS will be interesting.
I would assume that if Trump wipes Iran off the map (nuclear?) it would be bearish (understatement) and markets would crash. If he “TACO’s” maybe a huge upside rally ensues. Kind of like…….well, nothing like we have seen before. Glad it’s not on pay-per view television.
But putting the war aside for a second, let’s not forget the private debt fiasco slowly unraveling. It’s one of those “we know there’s a problem” but don’t know how big……yet. Don’t close your eyes to it. Also, inflation numbers due this Friday (CPI) are likely to tick up reflecting initial glimpses into what higher oil prices have done to the economy (probably not going to be pretty). Oh, it’s only begun too. Fill up those gas tanks now.
So, surprise surprise, I’m bearish. Really bearish notwithstanding what ever happens tonight. Sell into rallies. The higher the rallies the more you sell. Buy the dip?? Use your own money and don’t max out the credit card.
Again, volatility is crazy wild. Hedge. Did I say hedge? Yes I did. Using options to execute call back spreads on the S&P 500. Go out 2-3 months buying near strike calls and selling deep in the money calls one to one.
Going to go neutral on GOLD. Not on SILVER.
Call me a silly old fool (which I may be, just don’t call me that) but BITCOIN and ETH are looking pretty firm. That doesn’t mean they rocket up (or, maybe they do) right away, but they may have bottomed. I’m lightly bullish and would buy “cheap” out of the money call spreads. I use the IBIT ETF, but others work too.
If you’re into real estate, apartment buildings in Tehran are on sale.
See you next week.
S&P 500…..Hedged Short
GOLD…..Neutral
BITCOIN…..Bullish
ETH…..Bullish
2026 TARGETS:
- BITCOIN 2026………..
- ETH 2026………………
- GOLD 2026……………..
- S&P 500 2026………….Down 15%-20% on a pullback….then????
Current trading positions:
- BITCOIN…….Slightly Long
- ETH….NONE
- GOLD….NONE
- S&P 500….HEDGED SHORT
We compare the price of Bitcoin, Ethereum, Gold & the S&P 500. We use the CME Bitcoin Indexes (BRR & BRTI) and the CME Ethereum Indexes (ETH_RR_USD) & (ETH_RTI_USD) for reference as well as the London Bullion Market afternoon price settlement on the digital assets & gold.
Bill Taylor is CEO of Digital Wealth News. He is widely published & quoted in financial media and an international expert on markets and BTC, ETH, Gold & SP500.
His opinions are solely his own and for informative purposes only.
