The #阿布扎比稳定币 Crypto Reserve Bill has been passed, and a battle between bulls and bears is about to break out! 4.29 Big Cake Aunt's evening thoughts

The BTC Strategic Reserve Bill in Arizona has been passed, making it the first state to recognize the status of crypto assets. Although the purchasing power of one state is not enough to influence price trends, the symbolic significance outweighs the actual significance. Where there is a 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 provided a short selling strategy and have made a small profit and exited. The crypto reserve bill has made me doubt whether the coin price will rise again. Although there is a strong demand for a technical pullback, the market is being defended tightly and cannot fall. The big cake has been consolidating around 95 today, while Ethereum is consolidating above 1,800! For the evening operations, Conan still recommends primarily placing short orders at high positions, with pullbacks to buy as a supplement! The 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 evening and early morning operation thoughts: For aggressive traders, enter short at 95,300-95,800, with a stop loss above 96,000. If it breaks strongly above 96,000, then enter short at 96,500-97,000, with a stop loss near 98,000, targeting 94,500-94,000-96,000-92,700. If it breaks, watch around 92,000-91,600, and if it breaks again, reassess the situation!