The #阿布扎比稳定币 Crypto Reserve Bill has been passed, and a battle between bulls and bears is about to erupt! April 29 Bitcoin Aunt's thoughts for the evening.

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 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 price breaks through 97,500, nearly 1.5 billion USD of short positions will be liquidated, and if it falls below 90,000, over 2 billion USD of long positions will be liquidated! The competition between bulls and bears is fierce!

During the day, a short selling strategy was suggested and has already yielded a small profit. The crypto reserve bill has made me doubt that the price will rise again. Although there is a strong demand for a pullback technically, the market is being firmly protected and cannot fall. Bitcoin has maintained a consolidation around 95 during the day, and Ethereum has consolidated above 1,800! For evening operations, Conan still recommends primarily setting up short positions at high levels, with long positions as a supplement when there is a pullback! Pay attention to resistance levels at 95,500, 96,000, 97,000, 98,000, and 99,500, and support levels at 92,700, 91,600, 90,500, 89,000, and 87,000.

April 29 Bitcoin evening and early morning operational strategy: For aggressive traders, enter short positions at 95,300-95,800, with a stop loss above 96,000. If it strongly breaks through 96,000, then enter at 96,500-97,000, with a stop loss near 98,000 and a target at 94,500-94,000-96,000-92,700, with a break point near 92,000-91,600. Further breaks will depend on the situation!

April 29 Ethereum evening and early morning operational strategy: Enter short positions on a rebound at 1,830-1,850, with a stop loss near 1,880, targeting 1,800-1,770-1,750, with a break point near 1,720-1,700. Hold depending on the situation if it breaks!