April 30 Bitcoin Morning Analysis and Trading Suggestions

⚠️ Potential Risks:

Decreased liquidity in exchanges will exacerbate price fluctuations

High leverage liquidation risk is significant, recent market has frequently seen both bulls and bears being wiped out

Trading Suggestions: Bitcoin is at a critical breakout period

Trading range 94,000 - 96,500, light positions before data release

A breakout above 96,500 may initiate a new round of increases;

If CPI data is negative, beware of a pullback to the 92,000 support area

Bullish in the medium to long term, avoid data risks in the short term

Market Analysis: Yesterday, Bitcoin tested the 95,500 resistance level and then pulled back, still in range consolidation

The larger bullish trend remains unchanged, but lacks stimulating factors, upward momentum is insufficient

Currently, adopt a strategy of shorting high and going long low, observing support and resistance level break conditions

Specific Actions: Go long near 93,500 - 94,000, target 95,400 - 96,000