Evening analysis of Bitcoin Auntie's market on April 29, fierce competition around 95000, is a breakout opportunity approaching?
The afternoon market came as expected, showing a volatile upward trend, but quickly dropped after breaking the 95000 point, followed by a prolonged consolidation period. In the afternoon, Dou Dan also left the market early. Auntie also rose all the way to today's current high point of 1836 before pulling back, currently consolidating around 1830.
Overall, the market for Bitcoin is mainly concentrated in a range between 95000-94000, with the range narrowing and the volatility gradually decreasing. This is a reappearance of our previous scenario of maintaining range-bound adjustments after breaking the 95000 point. The technical indicators on the four-hour chart show divergence, which is also one of the signs of 'range-bound adjustment'; although the hourly chart shows that both bulls and bears have certain advantages for a certain period, neither has shown significant continuation. The competition for 95000 is still ongoing, and we are still looking for a breakout opportunity.
Considering this week is a super data week, the influence of fundamental factors has greatly increased under multi-factor games, making it a key time for multiple parties to enter; however, with the slowdown of tax influx and the warming up of washing, the determining factor is still Dou Tou's advantage. In the evening, we should first pay attention to the breakout situation of 95000. If it fails to break, it will still pull back first before rising, and the pullback space will depend on the support situation at 93500; if it breaks, it will continue.
In the evening, Bitcoin is recommended to buy around 94000, targeting 96000; Auntie is recommended to buy around 1800, targeting 1850.
