🔥April 30th Kunpeng BTC: Bitcoin is consolidating at high levels, tonight's PCE data is crucial! How long can the bullish feast last?
In the morning review on April 28th, we pointed out decisively: after Bitcoin completed a 30-minute level pullback on that day, those who reduced positions could boldly re-enter, and emphasized that there is no significant risk in the short-term spot market, while providing a precise support range. Friends who followed the instructions can now hold their positions with peace of mind!
Since reaching 96,000 points on April 25th, Bitcoin has entered a high-level consolidation phase at the 30-minute level. It is worth noting that the longer the consolidation lasts, the more it benefits the bulls in building strength. The PCE inflation data to be released tonight has become the focus of market attention. If the inflation data plummets or falls below expectations, it will further strengthen the market's expectations for Federal Reserve Chairman Powell to cut interest rates - a prediction that Teacher Kunpeng made months ago regarding a June rate cut! Additionally, the teacher had anticipated the upward trends for the months of Gengchen and Xinsi two months ago, and now the trends are being verified one by one, showcasing professional strength.
For investors, the current risk in the spot market is controllable. Every pullback or sharp drop is an excellent buying opportunity! In terms of operations, it is recommended to closely monitor the resistance levels of individual coins, consider reducing some positions for profit-taking, or optimize sector holdings to prepare for the anticipated upward trends of smaller coins. Futures trading enthusiasts should also keep in mind: controlling position size is the core rule for survival in a bull market!
Stay close to the Kunpeng community, grasp the pulse of the crypto circle, are you ready for the next wave of wealth opportunities? 💹
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