Bitcoin, Evening Analysis

1: #BTC The major coin started to decline around the high point of 95100 tonight, hitting a low near 92800 before rebounding, with the highest rebound reaching around 94300 but not breaking through completely before starting to retrace. As of now, it has retraced to around 93700.

The decline of the major coin tonight is also driven by negative news, but without this news, there might still be a retracement, just not as quickly. It would be slower because the key resistance at 95500 isn't something that can just be pushed up; the market needs to consider whether there are buyers or followers willing to step in. If not, pushing it up would just allow you to run away, right?

The upper resistance for the major coin is at 94500, 95150, and 95500, while the lower supports are at 93500, 92800, and 91500. If it retraces and breaks these levels, we can continue to look for rebounds.

Tonight, the U.S. announced the first quarter GDP, which is somewhat empty. The market is worried about a recession in the U.S., leading to a downward trend in the market. The U.S. stock market opened and initially dropped by 500 points before starting to rebound. As of the time of writing, the U.S. stock market is still down by 250 points. Although there are expectations for interest rate cuts being speculated in the market, it is passive, so the market won't buy in that quickly, including in U.S. stocks.

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