$BTC

Everyone is saying that Sun has crashed the market, but Bitcoin hasn't really dropped much. The reason is that a giant whale just bought 7,000 Bitcoins, worth over 500 million dollars, and withdrew them from Coinbase to a wallet.

$45.9 million long position closed, accurately escaping the peak in advance. $44.65 million short position closed, anticipating the turning point signal.

After Bitcoin formed a "death cross" on April 7, it has now rebounded and broken through all key moving averages — this trend aligns with our previous expectations.

If someone is selling in the market, someone else is buying. In the short term, the pullback space for Bitcoin is limited, and there is no need to worry about the spot market. Anticipating a wave of market activity next week, it is highly likely to rise and then fall back, with a resistance level around 96,200. Set up short positions in advance, with a stop loss at 97,000; if it incurs a loss, just accept it. If there's no loss, we’ll first look at 92,000 and wait for the opportunity to buy the dip in the spot market around mid to late May.

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