Tuesday, April 29

Bitcoin rebounded quickly after dipping to the 93,400 level early this morning. From a 4-hour technical perspective, the contraction of the Bollinger Bands has limited price fluctuations, with both bulls and bears engaging in fierce competition near the middle band, but no effective breakthrough has occurred. However, from an overall trend perspective, the bulls still dominate, and every pullback can quickly recover. Therefore, when Bitcoin pulls back, it presents an opportunity to go long, and the operation should primarily focus on buying on pullbacks.

Operation suggestion:

Bitcoin: Go long in the 94,000-94,500 range, with a target of 95,500-96,000