BTC April 30 Key Level Analysis: $94,750 Determines Bullish or Bearish Direction!
Core Points:
- $94,750 is today's dividing line between bulls and bears. If the 4-hour close remains above, it is bullish; if it does not hold, a correction is likely.
- Upside Breakout: Targets are 95,780 → 96,978 → 98,495 sequentially.
- Downside Correction: Support levels to watch are 93,700 → 92,700 → 91,880.
---
Detailed Logic
1. Bullish Market (Holding Above $94,750)
- If the 4-hour candlestick (especially during European and American sessions) closes strongly above $94,750, the short-term trend continues to be bullish.
- First target is 95,780; after breaking through, it may test 96,978 and even challenge 98,495 (previous highs or trend resistance).
- Trading Advice: If it retraces but does not break $94,750, consider going long, with a stop loss below 93,700.
2. Bearish Correction (Breaking Below $94,750)
- If the 4-hour closing price cannot hold above $94,750, it may retrace to support levels in the short term.
- First support is 93,700 (short-term buying zone); if broken, watch 92,700 (moving average support), with strong support at **91,880** (key defensive level).
- Trading Advice: If it rebounds but does not exceed $94,750, consider going short, with a stop loss above 95,800, targeting gradually lower support levels.
---
Key Reminders
- False Breakout Risk: Asian session may have small fluctuations; focus on whether the European and American sessions confirm the direction with volume.
- Trend Following: If the market oscillates around $94,750, it is recommended to wait and see until the direction is clear before taking action.
- Strict Risk Control: Regardless of bullish or bearish positions, maintain stop losses to avoid significant pullbacks due to spikes or sudden news.
---
Summary: Keep a close eye on $94,750 today; if it holds, trade long, if it breaks, trade short, and do not stubbornly hold positions in between!