2025.4.29

① Converging and oscillating, the possibility of a breakout upwards is greater. If it wants to decline, it must at least break below 93500; if it can't do that, don't blindly look for adjustments. I continue to emphasize that the current trend is very healthy. The market news we can know today, apart from the earnings reports of the four giants in the US stock market, is temporarily nothing else. Tomorrow is a crucial day. If a breakout is found today, then tomorrow there may likely be an adjustment, in conjunction with the news, and so on. It’s not certain. Especially if $btc really breaks the previous high and effectively breaks through 96200, the adjustment may seem trivial. At that time, there is no need to panic, and no need to always have in mind the possibility of a big pullback or major adjustment. The current pressure is concentrated in the range of 【95100-96200】. Further up, it’s probably around 【98300-99600】.

② The support below is mainly in the range of 【94000-94200】, and the defensive position is 93500. The price that needs to break through and stabilize above is 95400. In between is the converging oscillation.

In summary, in this kind of market, it basically can't drop much lower. Even if it does drop, it will be an opportunity presented to you. The bearish factors have mostly been exhausted, and the only remaining issue for bearish continuation below might be the potential recession of the US economy. Of course, as long as the Federal Reserve hasn't started to cut interest rates, the market won't have money, and the rebound will always just be a rebound. However, once the Federal Reserve starts to have expectations of cutting rates, hey, you know what that means.