Midnight Deep Talk:

The recent market trends have largely aligned with our daytime strategies. Recently, at the end of last month and the beginning of this month, Bitcoin has seen a stepwise increase to a new temporary high around 97,800, and it has currently retraced to around 940, which we have accurately captured.

From a macro perspective, recent mysterious operational tariff policies by Trump, along with the influence of old U.S. bonds, have impacted the global financial market. Additionally, recent easing policies and a trend of reduced trade tensions have triggered a sell-off in safe-haven assets, including the cryptocurrency market. It has also been generally confirmed that there will be no interest rate cuts in May, and the probability of a cut in June has decreased, which has short-term implications for the downturn in the crypto market.

Returning to the crypto market, from a monthly perspective, Bitcoin shows a bullish divergence with decreasing volume. The key resistance at 100,000 remains significant, while the support at 90,000 will also be a crucial battleground in the future. The weekly structure shows significant upward pressure with reduced volume, and we will focus on the gain or loss around 91,500. If we lose that level, Bitcoin could fall further, while an increase in volume above 100,000 would not be surprising. For the daily chart, we just need to pay attention to the area around 91,800. In the short term, we are primarily focused on the upward trend, with Bitcoin as a support, depending on the opportunities provided by market conditions.

Overall, the recent consolidation and fluctuations can be well managed. The focus of trading is on profitability for long-term growth, as positions are accumulated gradually. At the same time, operational risk control is crucial; securing profits within the range of fluctuations is essential for stability.