April 25: Bitcoin reaches a key position at the daily level: 94.5K will become a watershed?

The daily candle for Bitcoin forms a hammer, indicating strong support below. The Bollinger Bands are opening upwards. Bitcoin has attempted multiple times to break through and stabilize above 94,500, but this is a strong resistance level for the bears. If it can break through and hold, Bitcoin will further push towards the 98.5K area. If it does not break and hold, it will remain in a range-bound adjustment. It is important to note that there may be a false breakout that liquidates leverage before a pullback. The four-hour level has seen four consecutive bullish candles, with the bulls trying to disrupt the balance to occupy this level and reach the next one. From a short-term perspective, as long as the level of 91.3K is not broken below, it will be difficult for the bears to recover lost ground. In the medium term, 88,888 is the most critical area for the bulls. This week is about to end, and if next week's K-line can close above 92.1K, it will be very favorable for the bulls. A short video update will follow later today.

Entry Strategy

At 93,800, you can take a short position: Stop-loss at today's high; Target around 1,500 points.

At 91,850 for a long position: Stop-loss at 720; Target 1,500-2,000 points: The market is constantly changing. Everyone must have their own strategies to adapt flexibly. The entry strategy should only be activated once: For real-time insights, pay attention to Wang's market analysis.

You have studied countless indicators and tried various strategies, only to find that the more complicated the strategy, the more likely it is to fail. The truth is: **The market can never be conquered by formulas, but it rewards those who execute simple logic to the fullest.

- Why has trend following been effective for a century? Because it aligns with human nature; why is light position sizing and stop-loss a timeless classic? Because it counters human nature. The essence of trading lies not in the profundity of techniques, but in the purity of mindset.