Analysis for the evening of 4/23

From a technical analysis perspective, the movement of Bitcoin is worthy of close attention. The significant volatility in the price today largely depends on the fluctuations of the US stock market. The level of 93000 can be seen as an important watershed for bulls and bears.

If the price can consistently hold above 93000 during any pullbacks this evening, it indicates that the overall upward trend has not changed. Subsequently, investors can focus on the upper resistance levels of 94500, 95500, 96000, etc., as the price is expected to gradually test these key levels.

However, once the price effectively breaks below 93000 during the pullback, it is very likely to signal the start of a deep adjustment in the market. At that time, levels such as 92000, 91000, and 90500 will become important support levels, and investors should pay close attention to whether the price can gain effective support and stabilize at these levels.