Daily Market Update 2025/04/28
📌 Today's Market Review:
🎯 $BTC The expected downward movement to find support at 92k did not happen yesterday, and it is currently within the H2 level upward channel, showing a strong performance. There is significant selling pressure from the order wall at 95k-96.5k, with exchanges having accumulated up to 2.5 billion USD in short liquidations within this price range. On-chain short liquidations are mainly concentrated at 97k, and the current price increase seems more like a short squeeze. I think it will be difficult to initiate a new round of upward movement directly; a pullback is needed to build strength for further rises.
🎯 $ETH is also currently within the H2 upward channel and remains in the resistance range of 1800-1830.
💡 For someone like me, who is in a flat position, I can only sit back and relax. I've already made money from the easiest segment of the market, and the rest is about managing my hands to preserve profits. The risk-reward ratio for chasing long positions at this level is poor, and the risk is high. Trading at this point can be very draining, and the psychological pressure is quite significant.
📬 Feel free to leave a comment about the assets you want to see; let's find opportunities together!
