【BTC Breaks 93,000 USD | April 24 Trend Analysis】

1. Core Trend Analysis

Breakthrough and Volume Expansion

Key Breakthrough: BTC strongly breaks through the 92,900-93,000 USDT range, accompanied by a significant increase in trading volume, indicating that the main funds have completed accumulation and are strongly pushing up. Bullish Dominance: The current price is firmly above 93,000 USDT, with bullish sentiment high and clear trend continuation.

Technical Structure

Consolidation and Accumulation: From April 21 to 23, sideways consolidation represents a supply-demand balance phase, with bearish positions fully digested, accumulating upward momentum. From the perspective of Chan Theory: Three-buy structure confirmed, the uptrend is reinforced, and short-term pullbacks do not alter the bullish direction.

Key Levels

Resistance Levels:

93,200 USDT (short-term resistance, trend strengthens after breakthrough).

94,000 USDT (psychological barrier, needs volume breakthrough).

95,000-96,000 USDT (previous high, main target area).

Support Area:

92,500-92,800 USDT (pullback can buy low).

91,000-91,500 USDT (strong support, breaking below requires caution for trend reversal).

2. Strategy Suggestions

✅ Prioritize Long (Trend Continuation)

Entry Point: Pullback Buy Low: Price pulls back to the 92,500-92,800 USDT range, light long positions.

Breakthrough Follow Long: If it directly breaks through 93,200 USDT, can increase positions to follow.

Stop Loss: Exit immediately if it drops below 92,000 USDT, protecting against breakthrough pullback risk.

Target: First Target: 94,000 USDT (psychological barrier).

Ultimate Target: 95,000-96,000 USDT (historical high area).

⚠️ Short Selling Alternative (High Position Risk Control)

Trigger Conditions: If the price stabilizes at 94,000 USDT and encounters resistance, showing a top divergence or engulfing bearish candlestick.

If the 95,000 USDT range stagnates and forms a double top pattern.

Entry Point: After stagnation signals appear, can take light short positions.

Stop Loss: Set above 95,500 USDT.

Target:

Short-term Target: 92,500 USDT (key support).

Deep Target: 91,500 USDT (strong support area).

3. Market Sentiment and Risk Control

Sentiment: Bullish sentiment is high, but beware of high position consolidation risk, avoid blindly chasing highs. Data Support: Institutional Fund Inflow: XBIT platform data shows a surge in institutional holdings, supporting BTC's long-term trend. Weakening Dollar: The dollar index hovers around 99.00, unfavorable for the dollar and favorable for BTC.