The encryption reserve bill #亚利桑那比特币储备 has been passed, and the battle between bulls and bears is about to break out! 4.29 Bitcoin Aunt's evening thoughts

The BTC strategic reserve bill in Arizona has been passed, making it the first state to recognize the status of crypto assets. Although the purchasing power of one state is not enough to affect price trends, the symbolic significance outweighs the practical significance. Once there is a first, there will be a second!

The liquidation map shows that if the coin price breaks through 97500, nearly 1.5 billion US dollars worth of short positions will be liquidated, and if it falls below 90,000, more than 2 billion US dollars worth of long positions will be liquidated! The competition between bulls and bears is intense!

Today, I suggested a short position which has already made a small profit and exited. The encryption reserve bill has made me suspect that the coin price will rise again. Although there is a strong demand for a technical pullback, the market is being firmly supported and cannot fall. Bitcoin has been consolidating around 95 today, while Ethereum is consolidating above 1800! For evening operations, Conan still recommends mainly placing short positions at high levels, with long positions as a supplement during pullbacks! The key resistance levels to watch are 95500, 96000, 97000, 98000, and 99500, while the support levels to watch are 92700, 91600, 90500, 89000, and 87000.

4.29 Bitcoin evening and early morning operation thoughts: Aggressive traders can enter short positions at 95300-95800, with a stop loss above 96000. If it strongly breaks above 96000, then enter at 96500-97000, with a stop loss near 98000, targeting around 94500-94000-96000-92700. If it breaks, look for around 92000-91600. If it breaks again, reassess the situation!

4.29 Ethereum evening and early morning operation thoughts: Enter short positions on a rebound at 1830-1850, with a stop loss near 1880, targeting around 1800-1770-1750. If it breaks, look for around 1720-1700, and if it breaks, hold and reassess the situation!