Tuesday, April 29, 2025

Yesterday, Bitcoin's price movement experienced a temporary decline followed by a rebound. Although there was a brief pullback, it quickly regained lost ground and is currently in a high-level range consolidation state.

As the end of the month approaches, the market is about to face the conclusion of the monthly chart, and fluctuations are expected to be quite intense. Analyzing the intraday trends, it is highly likely that the range consolidation will continue. The strong resistance level above is at 96,200, while the key support level to focus on the downside is at 93,200. Ye Wei advises everyone to pay close attention to the performance of the above levels and to cautiously grasp the market rhythm.

Morning operation suggestion: You can first lay out short positions in the range of 95,800 - 95,500, with an initial target towards the vicinity of 94,200. If it successfully breaks through, then further target towards the vicinity of 93,200! #Strategy增持比特币