Bitcoin bullish trend and pullback expectations
Bitcoin is currently in a bullish phase, but investors need to patiently wait for market pullbacks and be prepared to endure floating losses. Yesterday's market showed that Bitcoin encountered resistance around $94,000, with a huge upward spike and downward support spike on the hourly chart, indicating strong support below. It is expected that Bitcoin may pull back to the $87,000 area, but this requires long-term observation and may not necessarily drop to that level. Therefore, investors should remain patient and consider entering long in batches at multiple positions such as $87,000 and $91,400 to diversify risk.
Long-term trend of Bitcoin and investment suggestions
From a long-term perspective, the bullish trend of Bitcoin has been established, with various indicators and macro environments supporting its continued rise. It is expected that Bitcoin may break through $100,000 in May, or even reach higher levels within one or two months. On the 4-hour chart, Bitcoin is currently consolidating at a high level, showing some resistance, but this is more likely a continuation of the rise rather than a deep correction. Investors are advised to enter long during pullbacks, avoiding chasing highs, and set stop-loss around $86,200, bearing approximately $5,000 in floating losses. A target of over $100,000 gives a risk-reward ratio of about 31:3.8, suitable for long-term operations, whether in contracts or spot trading.
Ethereum market analysis and long opportunity
Ethereum daily chart faces resistance around $1830 and fails to break through the entity resistance level, but still closes with a bullish candle, indicating a bullish sentiment. If Bitcoin drives the market, Ethereum between $1730-$1720 is a good long position, with the extreme long point at the $1680 neckline. Once Bitcoin continues to rise, Ethereum is expected to quickly break through $2000. It is recommended that investors enter long between $1674-$1680 and remain patient for a market reversal, avoiding abandoning the position due to excessive floating losses.
Altcoin investment strategies and risk warnings
Among altcoins, Trump coin surged sharply yesterday and quickly retraced, exhibiting extremely high volatility, and investors should not blindly chase the price. Taking Trump coin as an example, its surge was driven by short-term news (such as the top 220 holders dining with Trump), but lacks sustained support. It is advisable to choose coins that one can understand and develop a long-term trading plan.
SUI coin is recommended to buy when it is at $2, now has gained over 40% floating profit, highlighting the importance of capital selection. Investors should avoid highly volatile and unpredictable coins, focusing on verified targets.
Patiently wait for bull market opportunities
Overall, in a bull market, one should patiently wait for opportunities and develop a clear trading plan, including stop-loss and risk control. After Bitcoin's pullback adjustment, altcoins may welcome a small bull market. Choosing suitable investment targets, paying attention to market trends, and entering long at the right time will enable profits in a bull market. Investors should avoid emotional trading and ensure that strategies align with their understanding.
