(Written by Big Pancake Hunter, all practical content, no nonsense)
1. Current Market Overview
This week, BTC directly broke the $95,000 mark! Behind this surge, institutions are frantically increasing their positions + the Fed's policy easing is the main driving force, but the pressure zone of $96,500-$97,500 is the real test, can it break? Let’s discuss further.
2. Technical Analysis: Key levels need to be closely monitored!
1. Support Level:
Short-term defense point at $93,000 (previous concentrated trading zone, if broken may retest $91,500);
Strong support at $88,500.
2. Resistance Level:
$96,500-$97,500: A daily level pressure zone, breaking through it and heading straight for $100,000 is not a dream;
$94,500: Yesterday it was a bottleneck, today it has become support, bullish sentiment is stabilized.
3. Indicator Signal:
MACD Golden Cross + RSI 63: Not yet in the overbought zone, upward momentum still exists;
Trading volume surged: 24-hour trading volume reached $39.1 billion, indicating major funds are seriously moving.
3. Why the sudden surge? Three main driving forces behind it
1. Institutions are buying crazily:
BlackRock bought 12,500 BTC this month, a single purchase of $327 million, big whales indeed have the funds;
The US spot ETF saw a net inflow of $912 million in a single day, hitting a new high for the year, institutions are FOMO in action.
2. Fed's divine assistance:
On April 25, two crypto regulatory documents were suddenly revoked, banks can engage in crypto business without approval, directly opening the green light for institutions;
The dollar index has dropped to 99.5, inflation is cooling, and funds are rushing into the crypto circle for safe haven.
3. Trump causing disturbances:
Old Trump stated it's 'unlikely to pause tariffs', trade protection policies are pushing funds towards gold and BTC, gold prices have surged to $3,500, and BTC is following the trend.
4. Operating Strategy: Steady yet bold
1. Short-term Traders:
Don’t rush to chase highs near the current price, wait for a pullback to $93,000-$94,000 to accumulate in batches;
Target above $96,500 for partial profit-taking, must stop loss if it falls below $91,500.
2. Long-term believers:
DCA continues! Small purchases weekly/monthly, ignore short-term fluctuations, and accumulate until the bull market explodes after the halving;
Configuration suggestion: BTC + ETH + stablecoin combination, diversifying risks while seizing altcoin rebound opportunities.
3. Risk Warning:
Trump's tariff policy and the SEC suddenly ramping up regulation (like ETF delays) could trigger a flash crash;
On-chain data shows that whale addresses are accumulating around $94,000, but retail FOMO sentiment is overheated, be wary of spikes.
5. Summary: Surge or Pullback? Watch these two signals
Breaking $97,500: $100,000 is in sight, go for it!
If it falls below $93,000: Quickly reduce positions, wait for the $88,500 bottom-fishing opportunity.
Final reminder: Don't let emotions control your pace, position management is more important than predictions!
How high do you think this wave can go, folks? Let’s chat in the comments 🚀
