The current trend of $BTC shows a typical false breakdown to lure shorts.
On April 30, the price briefly broke through the support level of $93,000 before quickly rebounding, with on-chain data indicating that this position liquidated approximately $120 million in short contracts.
Such stop-loss sweeping operations usually indicate that the main force is about to launch an offensive, with key pressure zones concentrated in the range of $95,700 to $96,400, where 38,000 BTC are trapped.
From a technical perspective, breaking through $96,400 will open the path to $100,000, but two risk points should be noted:
First, the 8% surge in CME futures open contracts may trigger a short squeeze;
Second, institutions may reduce positions ahead of the Federal Reserve's interest rate meeting on May 8.
Short-term operations should take note: when the 15-minute RSI exceeds 70, reduce positions by 30%, and if the perpetual contract funding rate exceeds 0.025%, lower leverage.
The key observation indicator is the net inflow of exchanges; if it exceeds 15,000 BTC in a single hour, be cautious of selling.
Remember, the current market is in a news-sensitive period, and any position should be controlled within 3% of total funds.
With interest rate cuts approaching, I plan to publicly lay out a speculative coin, expecting a 10x return in the short term and a 100x return in the long term. The same market conditions, top strategies, follow along to witness everything.
