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

1. Core Market Analysis

Breakthrough and Volume

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 a clear trend continuation.

Technical Structure

Consolidation and Accumulation: The sideways consolidation from April 21 to 23 is a supply-demand balance phase, where short positions have been fully digested, and upward momentum is building. From the perspective of the Chande Theory: The three-buy structure is confirmed, reinforcing the upward trend, and short-term pullbacks do not change the bullish direction.

Key Levels

Resistance Levels:

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

94,000 USDT (psychological barrier, requires a volume breakthrough).

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

Support Zone:

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

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

2. Strategy Suggestions

✅ Prioritize Long Positions (Trend Continuation)

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

Breakthrough Follow-up: If it directly breaks through 93,200 USDT, increase positions.

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

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

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

⚠️ Short Positions as Alternative (High-Position Risk Control)

Trigger Conditions: Price stabilizes at 94,000 USDT and meets resistance, showing a top divergence or engulfing bearish candle.

If the price remains stagnant in the 95,000 USDT range, forming a double top pattern.

Entry Point: After the stagnation signal appears, light short positions can be taken.

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 caution is needed for high-position consolidation risk to avoid blindly chasing highs. Data Support: Institutional Capital Inflow: XBIT platform data shows a surge in institutional positions, supporting BTC's long-term trend. Weakening Dollar: The dollar index hovers around 99.00, which is bearish for the dollar and bullish for BTC.