4.29 Afternoon Analysis of Bitcoin Futures by Auntie, Hard to Break Through!
In the morning, Bitcoin moved as expected, showing a volatile upward trend. After reaching a peak of 95415 in the morning, it experienced a pullback due to strong resistance above, but the pullback space was limited. During this period, both long and short positions were deployed, yielding results. Compared to Bitcoin's range-bound fluctuations, Auntie's point volatility is smaller, which is a characteristic of Auntie's recent market trends.
Overall, the structure hasn't shown strong continuity; the moves up and down have not been obvious, and it has maintained a range-bound adjustment in the short term. The continuous reduction in volume at the top of the four-hour line is clearly paving the way for future upward momentum. The likelihood of breaking upward during the day is higher, with strong resistance still at the 96000 line and strong support at the 93500 line. The best strategy in the short term remains to buy low and sell high within the range, just be sure to identify the right entry points.
In the afternoon, overall long positions on Bitcoin futures are recommended around 94000, aiming for 96000, while Auntie's recommendations are to go long around 1780, targeting 1840.
