Written in the early morning of April 28

Over the weekend, the price has been consolidating at a high level, with Bitcoin moving out of the fluctuation range. The lower level is 93800, and the upper level is 95000. Currently, there is no information available. From the one-hour order book, a divergence has already appeared. Although it is still fluctuating within the range, I believe it will not directly surge to higher positions in the short term. After all, to reach higher levels, the divergence needs to be resolved, there must be a significant and sufficient turnover, and enough time is needed to build a bottom.

From the perspective of fund flow, starting from April 9, the outflow of ETF funds for Bitcoin has significantly decreased. From April 10, there has been a continuous positive inflow, reaching as high as 900 million dollars by the 22nd and 380 million dollars on the 25th. As I mentioned on the 23rd, I expected the 22nd to be the peak. Furthermore, despite the massive inflow, the price has not seen a proportional increase, indicating that there is still significant pressure above.

This week's trading strategy:

1. Previously emphasized short at 95000, continue to hold, with a stop-loss still set at 95800 (the last high was 95769, and the stop-loss level is quite reasonable).

2. Move the stop-loss down after it actually breaks below 93800.

3. The first take-profit level is set at 92600 (I will monitor in real-time to see if there will be a reversal).

4. The second take-profit level is set between 89000-85000 (this will need to be reassessed once the market moves, tentatively set this way, specific positions will be updated later).

5. Place a top-buy order at 97600, unchanged.

You can follow me; I post two updates daily and will timely update the points in the plaza. The historical win rate is over 70%. I will guide you with light positions to easily turn over with medium-term swing trades.