$BTC
Currently, in the 4-hour level pullback market, the 30-minute level down-up-down oscillation structure has been fully formed.
If the price falls below $92,700, it will confirm the continuation of the 4-hour pullback, and bulls need to be cautious of further declines;
If it breaks through $95,800, it may initiate a primary upward wave at the 4-hour level with $92,700 as the bottom, completing the daily rebound structure.
However, it must be clear that if this round of 4-hour level rebound market ends, bulls may face collective slaughter, and the market could drop sharply.
From an overall strategy perspective, as long as the $91,000 level is not breached, this round of rebound still has the potential to challenge $98,500, and there is a high probability of initiating a daily level adjustment afterward, making the $98,500 target completely ineffective.
Intraday operation suggestions should flexibly respond around the $92,500-$95,500 range. Close to the upper limit of $95,500, one can reduce positions in batches, and near the lower limit of $92,500, one can tentatively buy back; if it breaks the range, then follow the trend to chase, and if it breaks down, strictly set stop-loss.
It is crucial to focus on two core levels: the lower level of $91,000 is the last defense line for bulls. Once it is lost, it will confirm a daily level adjustment;
The upper level of $99,000 is the lifeline of this round of rebound. If it cannot break through, it is highly probable that it will drop below $74,500;
Even if it lucks out and breaks through, one must be wary of a deep pullback to around $82,000.
The current market is still in a washout cycle, and it is highly probable that May will continue with intense fluctuations. The real primary upward wave market will have to wait until June-July to start.
In operations, one must remain vigilant, avoid blindly chasing highs, strictly set stop-loss levels, and do not regard short-term rebounds as trend reversal signals.
With interest rate cuts approaching, I plan to publicly lay out a 'demon coin', expecting a tenfold increase in the short term and a hundredfold in the long term. With the same market conditions and top strategies, keep up and witness everything.
