BTC Market Analysis (April 30)
The upward trend that started from $74,500 on April 7 is still ongoing, and current positions can continue to be held.
It is important to be cautious that after entering May, if the price breaks above $95,758 to create a new local high, it may form a top structure, leading to the risk of a pullback.
It is recommended to reduce positions at high levels based on technical pattern changes for the spot and long positions that were previously laid out.
Market rules show that cycles of ups and downs alternate, and there is no continuous unilateral trend.
After the daily-level upward trend ends, a corresponding level of pullback is expected, at which point it is advisable to wait for stabilization before repositioning. Investment should adhere to the principle of "planning first, trading according to strategy" and strictly follow trading discipline.
