April market trends, outlook for the future, trend analysis.
1. Key resistance level: The resistance at 95,000 for Bitcoin remains significant, and short positions around 94,500 can be held firmly. It is expected that a waterfall will arrive around the end of April or the beginning of May (approximately around next Wednesday).
2. Timing for long positions: After the waterfall ends, in early May, one can consider entering long positions around 87,000-88,000. Coupled with a rebound and news catalysts, this stage may welcome a true reversal.
3. Recommendations for operations: Enter long positions lightly at 87,000-88,000. If the price stabilizes above 95,000, an additional 3% position can be added. Defensive positions should be set flexibly based on individual holdings. The extreme limit is 71,000!
Summary: Continue to hold short positions at 94,000-95,000, and long positions at 87,000-88,000, with the upward target to be updated in real-time later. Note: Light position operation, personal opinion, for reference only.