The #亚利桑那比特币储备 Cryptocurrency Reserve Act has been passed, and the battle between bulls and bears is about to begin! 4.29 Big Cake Aunt's evening thoughts

The BTC Strategic Reserve Act in Arizona has been passed, making it the first state to recognize the status of cryptocurrency assets. Although the purchasing power of one state is not enough to influence price trends, the symbolic significance outweighs the actual significance. With the first, there will be a second!

The liquidation map shows that if the coin price breaks through 97,500, nearly 1.5 billion USD in short positions will be liquidated, and if it falls below 90,000, more than 2 billion USD in long positions will be liquidated! The competition between bulls and bears is fierce!

Today, I have given a short-selling strategy and have taken a small profit and exited. The cryptocurrency reserve act has made me suspect that the coin price will rise again. Although there is a strong demand for a technical pullback, the market is being tightly protected and cannot fall. The Big Cake has been maintaining a consolidation around 95 today, while Ethereum is consolidating above 1,800! For tonight's operations, Conan still suggests mainly setting up short positions at high levels, with long positions as a supplement during pullbacks! The upper resistance levels to watch are 95,500, 96,000, 97,000, 98,000, and 99,500, while the support levels to watch are 92,700, 91,600, 90,500, 89,000, and 87,000.

4.29 Big Cake's evening and early morning operational thoughts: Aggressive traders can enter short positions at 95,300-95,800, defending above 96,000. If it strongly breaks 96,000, then enter at 96,500-97,000, defending near 98,000, with targets looking at around 94,500-94,000-96,000-92,700. If it breaks, look at around 92,000-91,600, and further actions will depend on the situation!

4.29 Ethereum's evening and early morning operational thoughts: Enter short positions on rebounds at 1,830-1,850, defending near 1,880, with targets looking at around 1,800-1,770-1,750. If it breaks, look at around 1,720-1,700, and hold based on the situation!

Long position strategy: Enter long positions at 91,600-92,000, defending near 91,000, with targets looking at around 92,500-93,000-93,500. If it breaks, look at around 94,000-94,500;

For Ethereum, reference entering at 1,720-1,740, defending near 1,680, with targets looking at around 1,770-1,800, and if it breaks, look at around 1,820-1,840.

The market's expectations for a rate cut by the Federal Reserve have decreased again, and the situation in India and Pakistan is escalating. Although currently, funds are intervening to support the market and prevent falls, the degree of decline repair is insufficient. Therefore, everyone should be cautious about chasing prices. Currently, it is in a range-bound oscillation trend, and setting up long positions during pullbacks allows for continuous movement of stop-loss to protect profits!