The Crypto Reserve Act has been passed, and a battle between bulls and bears is about to begin! April 29th, Bitcoin 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. Once 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, over 2 billion USD in long positions will be liquidated! The competition between bulls and bears is fierce!

Intraday, the short position strategy has already resulted in a small profit exit. The Crypto 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 fiercely protected, and it can't drop. Bitcoin has been consolidating around 95,000, while Ethereum is consolidating above 1,800! For evening operations, Conan still recommends primarily setting up short positions at high levels, with pullbacks to go long as a secondary strategy! Pay attention to resistance levels at 95,500, 96,000, 97,000, 98,000, and 99,500, and support levels at 92,700, 91,600, 90,500, 89,000, and 87,000.

April 29th, evening and early morning operation strategy: For aggressives, enter short positions at 95,300-95,800, with a stop-loss above 96,000. If it breaks strongly above 96,000, then enter at 96,500-97,000, with a stop-loss near 98,000, targeting around 94,500-94,000-96,000-92,700. If it breaks below, watch around 92,000-91,600, and if it breaks again, reassess the situation!