The #亚利桑那比特币储备 Crypto Reserve Act has been passed, and the battle between bulls and bears is about to begin! 4.29 Bitcoin Aunt's evening thoughts
The BTC Strategic Reserve Act 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 influence price trends, the symbolic significance outweighs the actual significance. Where 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 in short positions will be liquidated, and if it drops below 90000, over $2 billion in long positions will be liquidated! The competition between bulls and bears is fierce!
During the day, I provided a short-selling strategy that made a small profit before exiting. The Crypto Reserve Act 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 is unable to fall. Bitcoin has been consolidating around 95 during the day, while Ethereum is consolidating above 1800! For the evening operations, Conan still recommends primarily placing short orders at high levels, with long positions as a supplementary strategy! Key resistance levels to watch are 95500, 96000, 97000, 98000, and 99500, while support levels to watch are 92700, 91600, 90500, 89000, and 87000.
4.29 Bitcoin evening and early morning operation strategy: Aggressive traders can enter short positions at 95300-95800, with a stop loss above 96000. If it breaks strongly above 96000, then enter short positions at 96500-97000, with a stop loss near 98000, targeting near 94500-94000-96000-92700. If it breaks, look for 92000-91600. If it breaks again, reassess the situation!
4.29 Ethereum evening and early morning operation strategy: Enter short positions on a rebound at 1830-1850, with a stop loss near 1880, targeting near 1800-1770-1750. If it breaks, look for 1720-1700. If it breaks, hold and reassess the situation!
