The cryptocurrency reserve bill has been passed, and the battle between bulls and bears is about to break out! Evening thoughts on April 29th

The BTC strategic reserve bill in Arizona has been passed, making it the first state to recognize the status of cryptocurrency assets. Although the purchasing power of one state is not enough to influence price trends, the symbolic significance is greater than the actual significance. Where there is one, there will be a second!

The liquidation map shows that if the coin price breaks through 97,500, nearly 1.5 billion USD worth of short positions will be liquidated, and if it falls below 90,000, over 2 billion USD worth of long positions will be liquidated! The competition between bulls and bears is intense!

I have already given a short-selling strategy today and made a small profit before exiting. The cryptocurrency 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. The big coin has been consolidating around 95 throughout the day, while Ethereum is consolidating above 1,800! For the evening operations, Conan still recommends mainly placing short positions at high levels, with long positions as a supplement during pullbacks! Key resistance levels to watch are 95,500, 96,000, 97,000, 98,000, and 99,500, while support levels to watch are 92,700, 91,600, 90,500, 89,000, and 87,000.

Evening and early morning trading strategy for the big coin on April 29th: Aggressive traders should enter short positions at 95,300-95,800, with a stop loss above 96,000. If it breaks strongly above 96,000, then enter and wait at 96,500-97,000, with a stop loss near 98,000, targeting around 94,500-94,000-96,000-92,700, and if it breaks, watch around 92,000-91,600, and reassess if it breaks further!

Evening and early morning trading strategy for Ethereum on April 29th: Enter short positions during the rebound at 1,830-1,850, with a stop loss near 1,880, targeting around 1,800-1,770-1,750, and if it breaks, watch around 1,720-1,700, and hold if it breaks further!