The recent Bitcoin market has played the game of rising and then falling again. This morning it surged to 94,517 but couldn't rise any further, dropping to 92,700 before finding support and bouncing back around 94,000. I bought the dip at 92,700 this morning and sold at 94,400, making a profit of 1,700 points. Ethereum followed the same strategy and earned 36 points. Market rules are there; find the right position to take action, and making money is not as mysterious as it seems.

4.28 Market Analysis:

The last week before the May Day holiday, the trend remains entangled. Last Friday night, the market surged to 94,500 but was pushed back to 93,800, and now it is stuck around 93,000. This movement indicates that there is indeed significant resistance above, but if the support at 92,800 holds, there is a chance to push up to 96,000 again. However, according to convention, after reaching a high, it typically falls back down, and it is estimated that it will eventually return to around 92,000.

From a technical perspective, the price is currently bouncing between the upper and middle bands of the Bollinger Bands, with recent candlesticks often showing long upper and lower shadows, clearly indicating that both bulls and bears are fighting. The MACD indicator has formed a death cross below the zero line, giving a slight advantage to the short term bears. The RSI has fallen from a high position to the middle, indicating that market sentiment has calmed down a bit. Personally, I think it’s safer to wait for a pullback to go long, but it is crucial to set a stop-loss.

Specific trading suggestions:
In the 92,500-93,000 range, you can go long with a light position, targeting 94,300-95,000.
In the 1,740-1,760 range, set up long positions, targeting 1,820-1,850.

The market continues to change, and we are closely monitoring it to seize new entry opportunities. Like + comment, let’s navigate the bull market together and seize this major opportunity.
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