A thrilling 24 hours, May 2nd Bitcoin long and short strategy

After a spike to $94,000 last month, Bitcoin violently pulled back to $97,000, with a 24-hour volatility exceeding 35%, and a total liquidation of $280 million across the network.

On-chain data shows that whales increased their holdings by 18,000 Bitcoins in a single day, approximately $1.73 billion,

but major exchanges saw a net outflow of 40,000 Bitcoins, as retail investors continued to sell.

Soul-searching question: Why do whales keep buying as prices drop?

Why are retail investors who chase the rise always left behind?

Is this a question you are confused about in front of the screen?

Old Tang will help you clarify your thoughts:

First, look at a piece of news that many people overlook,

On March 6, Trump signed an order requiring the Treasury to submit a report on the implementation path of strategic reserves by May 5, clearly indicating official resources for systematic allocation of Bitcoin, so it’s not surprising what kind of market Bitcoin has seen in the last three days.

So when big capital starts, how should ordinary people break the deadlock between long and short?

May 2nd #数字资产法案 #加密市场反弹 Bitcoin attack and defense strategy's professional logic:

Bullish bottom line at $96,000. Defensive price and institutional cost line: stabilize and cautiously look bullish.

Target $97,500 - $99,000, stop loss at $94,500

If it breaks through $97,500 with a single-hour trading volume greater than $2 billion, continue to look bullish.

Bearish warning: Short when stagnating in the $97,500 - $98,000 range, with a $3.8 billion trapped position plus Fibonacci 78.6% resistance, looking bearish on stagnation.

Target $96,000 to stop loss at $98,500

If stop loss is breached, then look bullish.

Three overlooked contradictory signals:

Tear between technical and funding aspects

Bullish logic:

Daily MACD golden cross, institutional ETF net inflow of $4.2 billion in a single week.

Bearish hidden dangers:

RSI approaching 70 overbought level, 4-hour trading volume shrinking by 20%, price deviating from the labor cost line by 6.2%.

The tug-of-war between favorable policies and regulatory black swans, North Carolina passed the Bitcoin Reserve Act, stimulating a single-day rise in Bitcoin.

Divergence between institutional support and retail panic, BlackRock holdings have broken through again, but ETF funds saw a net outflow of 382 units yesterday, indicating small internal divergences within the institutions.