The cryptocurrency reserve bill #亚利桑那比特币储备 has been passed, and a battle between bulls and bears is about to erupt! Evening thoughts on April 29

The BTC strategic reserve bill in Arizona has been passed, making it the first state to recognize the status of cryptocurrency assets. Although the purchasing power of a single state is not enough to influence price trends, the symbolic significance outweighs the actual significance. Where there is the first, there will be a second!

The liquidation map shows that if the coin price breaks through 97,500, it will liquidate nearly 1.5 billion USD worth of short positions, and if it falls below 90,000, it will liquidate over 2 billion USD worth of long positions! The competition between bulls and bears is intense!

I have already provided a short position strategy for the day and made a small profit before exiting. The cryptocurrency reserve bill has made me doubt that the coin price will rise again. Although there is a strong demand for a technical pullback, the market is being firmly supported, and it is not falling. The coin has been consolidating around 95, while Ethereum is consolidating above 1,800! For the evening operations, Conan still recommends primarily setting up short positions at high levels, with long positions as a secondary option! The pressure levels above 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.

April 29 evening and early morning operation thoughts: Aggressive traders can enter short positions at 95,300-95,800, with a stop-loss above 96,000. If it strongly breaks 96,000, then enter ambush positions at 96,500-97,000, with a stop-loss near 98,000. The target is around 94,500-94,000-96,000-92,700, with a break level watching around 92,000-91,600, and further adjustments based on the situation!