May 1st Long and Short Defensive Strategy; Why was Bitcoin able to rebound after a sharp drop?

On-chain data reveals the truth, whales' annual accumulation exceeds new coin issuance by 300%, individual investors net out 40,000 BTC in a week, institutions firmly hold the $93,000 bottom line

BlackRock's $3.4 billion market protection, while miners buried $1.2 billion in forced liquidation at $92,000

Technically, a golden cross on the daily chart, but MACD volume is shrinking. The 4-hour chart shows three failed attempts to reach new highs, forming a flat top structure.

On one side, smart capital is positioning against the trend, while on the other side, technical indicators hide underlying issues. Remember, data doesn't lie, but human nature amplifies volatility.

Intense battle between long and short positions in the $93,000-$95,500 range.

Professional Strategy: For Bitcoin, bullish logic sees support in the $93,000-$93,500 range; take small positions to go long with targets of $94,800-$95,500 and stop-loss set at $92,500.

Short warning: Strong resistance reversal: If the price is pressured near $95,500 and shows shrinking volume with stagnation, you may consider going short, targeting a pullback to around $94,200. However, be aware that if the price breaks this resistance level, and the hourly trading volume reaches $2 billion, {volume confirmation needed for trend}

then you should stop loss and reverse to a bullish position ##币安Alpha上新 ##Strategy增持比特币 .

Lastly, remember to like and follow Old Tang; I will sincerely share my trading strategies every day.

Use spare money, control position sizes, preserve the green mountains, and wait for the wind to come.